FOREX-Yen rises after report of BOJ policy discord

Wed Sep 7, 2016 10:39am EDT
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* Yen rises after Japanese media report on BOJ policy disagreement

* Sterling drops for first time in six days

* Bank of Canada, Swedish Riksbank stand pat on rates

* New Zealand dollar rises to highest vs dollar since May 2015

* Markets looking to Thursday's European Central Bank meeting (Updates to U.S. market open, adds quote, data)

By Dion Rabouin

NEW YORK, Sept 7 (Reuters) - The dollar fell to a more than one-week low against the yen on Wednesday after a report from the Sankei newspaper that Bank of Japan policymakers are divided ahead of the central bank's next meeting.

The Bank of Japan is split on whether to add stimulus at its Sept. 20-21 policy meeting, where central bank Governor Haruhiko Kuroda has said the board will conduct a comprehensive assessment of the effects of its massive stimulus program.

"The yen is strengthening on the back of this story and unwinding some expectations that the BOJ would ease policy at their September meeting," said Ian Gordon, FX strategist at Bank of America Merrill Lynch.   Continued...