Politics
BOJ Split Vote Sends Bearish Signal on Yen, Strategists Say
Key Points
Currencies BOJ Split Vote Sends Bearish Signal on Yen, Strategists Say The yen dropped after the Bank of Japan’s decision to hike rates as a split vote sent bearish signals, strategists said. The Japanese currency fell as much as 0.5% after the central bank raised its benchmark interest rate by a quarter percentage point to 1.25%. The focus now shifts to Governor Kazuo Ueda’s post-decision press conference scheduled for 3:30 p.m. Tokyo time.
Currencies
BOJ Split Vote Sends Bearish Signal on Yen, Strategists Say
The yen dropped after the Bank of Japan’s decision to hike rates as a split vote sent bearish signals, strategists said. The Japanese currency fell as much as 0.5% after the central bank raised its benchmark interest rate by a quarter percentage point to 1.25%.
The focus now shifts to Governor Kazuo Ueda’s post-decision press conference scheduled for 3:30 p.m. Tokyo time.