BoJ Rate Hike Fails to Lift Yen as USD/JPY Holds Above 160
The Bank of Japan’s 25-basis-point rate increase to 1.00% had minimal impact on the yen, with markets focused on gradual policy shifts. The Bank of Japan raised its benchmark rate by 25 basis points to 1.00%, a move widely expected by markets. Despite the hike, the yen sho