SINGAPORE, Oct 30 Reuters The dollar held steady in cautious trade on Monday and pinned the yen near 150 as traders looked to a policy decision by the Bank of Japan later in the week, alongside other major central bank meetings and a slew of economic data releases globally.

The BOJ kicks off its twoday monetary policy meeting on Monday, leading a week which will also see interest rate decisions from the U.S. Federal Reserve and the Bank of England.

A PMI data deluge, inflation figures in the euro zone and U.S. nonfarm payrolls also add to the mix of the eventpacked week.

It39;s definitely a busy week, said Carol Kong, a currency strategist at Commonwealth Bank of Australia.

The BOJ meeting will be the most interesting one given heightened speculation over a policy tweak at this meeting.

The yen was little changed at 149.58 per dollar, getting a slight reprieve after having struck a oneyear trough of 150.78 per dollar last week.

A recent surge in global interest rates has heightened pressure on the BOJ to change its bond yield control, as speculation mounts that the dovish central bank could hike its existing yield cap at this week39;s meeting.

Our base case remains that the BOJ will leave its monetary policy settings unchanged, although we acknowledge that there is a risk that they will announce tweaks to its yield curve control programme, said Kong.

In the broader market, currency moves were largely subdued as traders stayed on guard and risk sentiment…