Yen perched near 7-month high as BOJ decision looms

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Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – The dollar drifted up from multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan. The euro reached a nine-month high on Monday at $1.0874, but was last loitering around $1.0805. The yen hit a top of 127.22 per dollar during Asia hours on Monday, before easing a little during a holiday-thinned U.S. session to sit around 128.96. Speculation is building about a change or end to Japan’s yield curve control policy, given that the market pushed 10-year yield…

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