nvesting.com - Investing.com - The dollar remained broadly supported near 14-month highs against the other major currencies on Tuesday, as investors eyed the outcome of the Federal Reserve's two-day policy meeting on Wednesday. Demand for the dollar continued to be underpinned by expectations for an early hike in U.S. interest rates. The Fed was expected to cut its asset purchase program by another $10 billion at its upcoming policy meeting on Wednesday, which would keep it on track for winding up the program in October, and to start raising interest rates sometime in mid-2015. USD/JPY held steady, just below six-year highs at 107.11 as the diverging monetary policy stance between the Fed and the Japanese central bank continued to pressure the yen lower. The yen came under pressure last week after Bank of Japan Governor Haruhiko Kuroda said that the bank would be prepared to immediately loosen monetary policy or implement other measures if its 2% inflation target becomes difficult to meet.

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