LONDON/SINGAPORE—The yen strengthened on Tuesday on news of a meeting of Japan’s finance ministry and central bank, while elsewhere the dollar rose to a two-month high against a basket of its peers after the U.S. debt ceiling deal.
The dollar was last down 0.18 percent against the Japanese yen at 140.18 after the country’s finance ministry said senior officials from the Ministry of Finance, Bank of Japan, and Financial Services Agency will meet from 5:30 p.m. (0830 GMT).
The U.S. currency had hit a six-month high of 140.93 yen before the announcement.
Japanese central bank policy has been a major focus for investors in the past year after the BOJ last year intervened to strengthen the yen. This year the focus has been on whether and when it will change its ultra-loose monetary policy stance….