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Watch onSINGAPORE - The yen hovered near a two-week high on Tuesday, boosted by a report that the Bank of Japan could further tweak a key bond yield policy tool when it announces its monetary decision later in the day.
"This of course may prove to be something of a red herring, and they may leave policy unchanged, instead offering a strong view that changes to the yield curve control cap are imminent," said Chris Weston, head of research at Pepperstone. In other currencies, the dollar edged broadly lower following a pick up in risk appetite, with Israel's ground offensive in Gaza seemingly less extensive than previously feared.Armoured Israeli forces attacked the Gaza Strip's main city from two directions on Monday and targeted the main road linking it to the south of Gaza, witnesses said.
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