Yen Weakens After Bank of Japan Rate Hike
The Japanese yen declined against the dollar after the Bank of Japan increased its policy rate as anticipated.
Business & Markets • 2 hours ago
The yen weakened against the dollar following the Bank of Japan's decision to raise its policy rate by a quarter percentage point, bringing it to 1.25%. This move was widely anticipated by financial markets. In response to the rate hike, the dollar strengthened to 156.90 yen, up from its previous level of 156.14 yen.