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The yen climbed against all major peers after a report that the Bank of Japan plans to discuss tweaking its yield curve control policy when it meets today. The Japanese currency rallied as much as 2% against the euro and rose 1% against the dollar. The BOJ will consider letting long-term interest rates rise above its 0.5% cap by “a certain degree,” Nikkei reported, sending US markets spinning. Policy makers sent waves across markets in December when they said they would allow Japan’s 10-year bond yields to rise to around 0.5% — doubling the previous upper limit. The fallout touched everything from US stocks to the Australian dollar and gold.