Yen rises in Asia ahead of BOJ meeting

Tokyo

THE yen rose in Asia on Tuesday ahead of a closely watched Bank of Japan (BOJ) policy meeting this week while traders bet the US Federal Reserve will delay an interest rate hike until early next year.

With the Japanese economy struggling to gain traction and inflation tepid, the BOJ is facing calls to ramp up its already vast bond-buying stimulus programme after a meeting on Friday. Adding to pressure on policymakers is China's interest rate cut last week and hints from European Central Bank head Mario Draghi that it could widen its own stimulus in December.