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Yen edges higher ahead of BOJ meeting

by Holly

USD/JPY fell 0.2% to 140.00, with the yen not far removed from a one-week high against the dollar, ahead of a widely anticipated Bank of Japan meeting on Friday.

The central bank is expected to hold interest rates at record lows and maintain its yield curve control policy. However, with Japanese inflation proving sticky, the potential for a surprise exists.

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Elsewhere, GBP/USD rose 0.2% to 1.2966, AUD/USD rose 0.7% to 0.6804, as the Aussie dollar rebounded from steep losses in the prior session, while USD/CNY fell 0.1% to 7.1422.

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