Reuters
The yen hit fresh multi-year lows against the dollar and the euro on Tuesday, keeping investors on heightened intervention watch ahead of the Bank of Japan's meeting this week, while dovish policy maker chatter left sterling around its softest in months. The euro, which climbed broadly after stronger than expected business activity data in France and Germany, reached 165.62 yen, its highest since 2008. "That's a combination of the stronger euro today, with the services data moving back into expansionary territory, an encouraging sign that the headwinds to growth for consumer spending are continuing to fade, and the yen continuing to weaken on the expectation that the BOJ will be very gradual in tightening policy," said Lee Hardman, senior currency strategist at MUFG.