The Japanese currency has risen above 100 yen per dollar.

As the US currency struggles following Federal Reserve minutes.

A divided Fed left open the prospect of a further interest rate rise this year.

But policy makers insisted they needed more evidence on the durability of the rebound first.

Meanwhile, the prospect of borrowing cost staying at ultra low levels,

is pushing down government bond yields and boosting European equities.

British ministers have watered down their child obesity strategy.

Dropping propose curbs on junk food TV adverts,

and mandatory targets on sugar reduction and food.

They've focused instead on the importance of school sport.

Which is being seen as a victory for the food industry over health campaigners.

And two US swimmers have been prevented from boarding flights back to the US by Brazilian police.

As doubts amount about claims that they and two teammates have been robbed at gunpoint at the weekend.

With more stories for you at FT.com/FirstFT