Sterling Rises on UK Job Data, Yen Near 7-month High as BOJ Decision Looms

Sterling Rises on UK Job Data, Yen Near 7-month High as BOJ Decision Looms
Pound and U.S. dollar banknotes are seen in this illustration taken on Jan. 6, 2020. Dado Ruvic/Illustration/Reuters
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LONDON/SINGAPORE—Sterling edged up on Tuesday after data showed the pace of pay growth in Britain, closely watched by the Bank of England as it gauges how much higher to raise interest rates, accelerated again.

The yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan (BOJ).