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The yen rose against other major currencies on Tuesday, pulling up from multi-week troughs against the dollar and euro but capped by wariness ahead of this week's Bank of Japan policy review that will come on the heels of the Federal Reserve's meeting. Speculation of further easing sent the yen reeling late last week, but uncertainty over whether the BOJ will actually deliver fresh stimulus at its April 27-28 meeting helped the Japanese currency recover some ground.
For kiwi players, the Reserve Bank of New Zealand's rate decision will also be in focus on Thursday. The RBNZ is widely expected to keep rates unchanged this week but cut them by the end of June, according to a Reuters poll.
EUR/USD: during the Asian session the pair traded in the range of $1.1255-75
GBP/USD: during the Asian session the pair rose to $1.4500
USD/JPY: during the Asian session the pair fell to Y110.85
Based on Reuters materials
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