Japanese Yen rises slightly against dollar

The Japanese yen rose slightly against most major currencies, especially the US dollar, as the focus shifted to the central bank's monetary policy committee meeting this week.

Investors sought after the US currency today as a safe haven, yet it fell against the Japanese yen amid a rebound in stock markets.

The Bank of Japan will hold its monetary policy meeting during this week, amid expectations of keeping the interest rate at -0.10%, followed by a press conference by the bank's President Haruhiko Kuroda.

In terms of trading, by 18:35 GMT, USD/JPY fell by 0.1% to 111.8, with a high at 112 and a low at 111.6.