FOREX-Dollar broadly up; awaits Fed, BOJ policy meetings

* G20 meeting fails to give much incentive to currencies

* Focus on Fed, BOJ monetary policy meetings this week

By Kaori Kaneko

TOKYO, March 16 (Reuters) - The dollar rose broadly on Monday, with the market looking ahead to a Federal Reserve policy meeting this week after a Group of 20 finance ministers' meeting at the weekend gave the market few trading incentives.

The Fed and the Bank of Japan hold policy decisions this week, with traders waiting to see if the U.S. central bank signals after its meeting on Tuesday and Wednesday that it will buy longer-dated Treasuries to help keep interest rates down. [ID:nN15706029].

Central banks are seeking unconventional ways to boost their economies now that many have interest rates at historic lows. Britain's central bank has already said it would buy gilts and the Swiss National Bank intervened last week to weaken the franc to stave off deflation.

Dealers said the dollar's gains on Monday were driven largely by technical trading after it bounced from the day's lows.

"There is no particular reason for the dollar's rebound this morning after the G20 gave little incentive for the currency market. The dollar is staying within ranges," said Kazuyuki Kato, treasury manager at Mizuho Trust & Banking Co.

The Group of 20 finance ministers promised money to help emerging market economies and said they would use their full fiscal and monetary power to combat the global downturn. [ID:nLE661847]

The euro fell 0.3 percent from U.S. trade on Friday to $1.2894 EUR=.

The dollar rose 0.4 percent to 98.38 yen JPY=. It touched a four-month peak of 99.69 yen earlier this month but has failed to climb above a key level of 100 yen.

The euro was steady at 126.85 yen EURJPY= after touching 2-month high of 127.65 yen on trading platform EBS last Friday.

Fed Chairman Ben Bernanke suggested in an interview that the U.S. recession could last most of the year. [ID:nN15700819]

"If the Fed gives a sign for buying long-term Treasuries following moves by the BoE and the SNB, the dollar is expected to be under selling pressure," said Yousuke Hosokawa, Treasury department senior manager at Chuo Mitsui Trust and Banking.

The Bank of Japan also holds a meeting this week and may increase monthly buying of long-dated government bonds to keep interest rates low and help boost the economy, Japan's Nikkei business newspaper reported last week. [ID:nN13284039]

The BOJ is considering buying subordinated debt issued by banks to help bolster their capital, the paper reported on Monday. [ID:nT205177]

The SNB shocked markets by intervening to sell the franc last week, becoming the first major central bank in the current crisis to try to push its currency down.

The euro was little changed at 1.5316 francs EURCHF= after rising to its highest in nearly three months on Friday at 1.5402 francs. (Editing by Edwina Gibbs)