Yen Stays Stronger Before BOJ Meeting; Aussie Near 4-Mont
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The yen was 0.5 percent from a two-month high against the dollar as a rally in stocks around the world spurred speculation the Bank of Japan will refrain from additional monetary easing at a policy meeting this week.
The euro was 0.4 percent from the strongest in a month versus the greenback after German Chancellor Angela Merkel’s government backed the European Central Bank’s bond-buying plan. Australia’s dollar appreciated to a four-month high after the nation’s central bank kept interest rates at 3.5 percent at a policy meeting today.