Yen slips in Asia but set for weekly jump
Euro holds gains on hawkish policymaker remarks
S. Korea cuts rates, dealers say authorities sell dollars

Nov 28 Reuters The dollar edged up from a twoweek low against its major peers in holidaythinned trading on Thursday, though the yen headed for its strongest week in nearly three months on growing bets that Japan will hike rates in December.

The yen slipped half a percent to 151.93 per dollar ,but with its 1.9 gain this week the currency has recovered losses suffered since the U.S. election. Markets see about a 65 chance the Bank of Japan will hike rates next month.

The dollar index was marginally higher at 106.30 after suffering its steepest fall in four months that pushed it as low as 105.85 in the prior session.

Broad trade was lightened due to the U.S. Thanksgiving holiday.

It39;s likely to be a subdued couple of days to wrap up the week but I expect the dollar should rebound as December gets underway, said Michael Brown, senior research strategist at Pepperstone, adding that Wednesday39;s move that put the dollar back under 106 seemed a bit detached from fundamentals.

We39;re still talking about U.S. exceptionalism, an incredibly long laundry list of issues in the euro zone and now we39;ve got French budget worries this morning.

The euro consolidated after its sharp rise on Wednesday following hawkish remarks from European Central Bank board member Isabel Schnabel.

She told Bloomberg that rate cuts should be…