Yen up ahead of BOJ, Fed policy decisions

London

THE yen rose on Tuesday, moving away from lows of several weeks against the US dollar and euro as prospects of further monetary stimulus this week from the Bank of Japan remained unclear.

With policy decisions from the Federal Reserve and the BOJ due within hours of each other, many investors are likely to stay on the sidelines. The Fed, which is expected to leave interest rates unchanged, will announce its decision on Wednesday while the BOJ concludes its two-day meeting on Thursday.