Japanese Yen drops against US Dollar as global currency markets react to upcoming policy meetings

The Japanese yen dropped in value against the US dollar as investors felt more confident about taking risks. Several big banks, including the Bank of Japan, plan to share their new money rules and policy choices this week. At the same time, inflation in Japan's service sector went up, which points to growing cost pressures that could cause higher interest rates down the road. In the meantime, the euro also lost strength because people started to worry about the economic health and money matters of France.