The Japanese yen on Tuesday dipped against the world's reserve currency for the first time in four days, according to Bloomberg.
The yen fell against each of its 16 top rival monetary units as the Bank of Japan commenced two days of meetings on Tuesday that prompt questions about what Governor Haruhiko Kuroda will do for the next steps of the nation's stimulus measures. Deflation is of concern in Japan, according to Economy Minister Akira Amari.
One-third of analysts and economists polled by the news service earlier this month said they anticipate the BOJ will widen the scope of the 7 trillion yen of monthly asset purchases during the second quarter of this year as a method of expanding the globe's third-largest economy.
The yen dropped roughly 0.5 percent against the U.S. dollar on Tuesday after having marked gains of 0.4 percent during the past three days. The yen fell about 0.4 percent against the shared currency of the European Union.
Japanese stocks were performing strongly on Tuesday, drawing the Nikkei to rise roughly 1.5 percent, according to Reuters.
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