The yen rebounded after clocking a 26-day low versus the dollar in early Tokyo trade, which saw USD-JPY ebb back to the low 111s after making a peak at 111.88. EUR-JPY and other yen crosses once again mirrored the price action of the dollar pairing. The rebound in the Japanese currency follows the biggest single-day rally it has seen since Oct-31 2014, according to Bloomberg, and comes ahead of the BoJ policy meeting on Wednesday and Thursday.
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