Japanese yen eases against dollar as service-sector inflation rises ahead of Bank of Japan policy decision

The Japanese yen weakened against the U.S. dollar on Tuesday, influenced by a risk-on sentiment and a weaker euro. This comes ahead of the Bank of Japan's two-day policy meeting, which concludes on Friday. Data released on Tuesday showed Japan's service-sector inflation rose 3.7% in September year-on-year, indicating mounting price pressures that could lead the central bank to signal further rate hikes.