LONDONSINGAPORE, May 30 Reuters The yen strengthened on Tuesday on news of a meeting of Japan39;s finance ministry and central bank, while elsewhere the dollar rose to a twomonth high against a basket of its peers after the U.S. debt ceiling deal.

The dollar was last down 0.18 against the Japanese yen at 140.18 after the country39;s finance ministry said senior officials from the Ministry of Finance, Bank of Japan and Financial Services Agency will meet from 530 p.m. 0830 GMT.

The U.S. currency had hit a sixmonth high of 140.93 yen before the announcement.

Japanese central bank policy has been a major focus for investors in the past year after the BOJ last year intervened to strengthen the yen. This year the focus has been on whether and when it will change its ultraloose monetary policy stance.

Kenneth Broux, head of corporate research for FX and rates at Societe Generale, said FX intervention at current levels was unlikely.

I think the barrier is higher for active dollar sales, he said. This is the start, trying to slow the speed of yen weakness.

Jane Foley, head of FX strategy at Rabobank, also said the meeting was unlikely to bring about a change in policy, but it may bring a change in temperature with regard to policy.

She said the BOJ39;s July meeting was one to watch for the outlook for developments concerning the Bank of Japan39;s yield curve control policy.

Elsewhere the dollar index , which measures the U.S. currency against six major peers, rose 0.2…