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Yen Drops Against Dollar After BOJ Raises Rates as Expected

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Currencies Yen Drops Against Dollar After BOJ Raises Rates as Expected The yen fell against the dollar after the Bank of Japan lifted its policy rate by 25 basis points as expected. Japan’s currency dropped as much as 0.5% to 156.73 per greenback. The decision was expected by all 52 economists surveyed by Bloomberg.

Currencies Yen Drops Against Dollar After BOJ Raises Rates as Expected The yen fell against the dollar after the Bank of Japan lifted its policy rate by 25 basis points as expected. Japan’s currency dropped as much as 0.5% to 156.73 per greenback. The decision was expected by all 52 economists surveyed by Bloomberg.
Yen Drops (PERSON) BOJ Raises (ORG) the Bank of Japan (ORG) Japan (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →