The dollar edged higher against the other major currencies on Friday, re-approaching a previous two-month peak as investors eyed a speech by Federal Reserve Chair Janet Yellen due later in the day.

USD/JPY held steady at 109.70.

Investors were eyeing comments by Fed Chair Janet Yellen due later Friday, for futher hints on the timing of future rate hikes by the U.S. central bank.
The greenback posted sharp gains earlier in the week amid expectations for the Fed to raise interest rates in the near term after last week’s April Fed meeting minutes flagged a possible rate hike if the economy continues to improve.
Meanwhile, traders remained cautious with the yen after Group of Seven leaders said in a statement late Thursday that they committed to avoiding "competitive devaluation" of their currencies and warned against "disorderly" exchange-rate moves.
EUR/USD slipped 0.10% to 1.1183.

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