Yen falls after Bank of Japan lifts rates to a reported 31-year high
Bloomberg reports the yen weakened after an expected 25-basis-point rate hike. Two dissents cast doubt on the outlook for further tightening, the outlet says.
TLDR
The Bank of Japan raised its policy rate by 25 basis points as expected, and the yen extended its decline against the dollar, Bloomberg reports. The outlet says two dissents cast doubt on the outlook for further rate increases. Unusual Whales, citing CNBC, says the hike brought interest rates to a 31-year high.
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