Yen falls after BOJ lifts key rate to 30-year high
BOJ raised its benchmark interest rate to a 30-year high, sharply weakening the yen. The dollar strengthened more than 1% versus the yen after the move.
The Bank of Japan lifted its benchmark interest rate to a 30-year high, with the Japanese yen falling sharply after the move. The dollar rose more than 1% against the yen after the BOJ decision, moving against Tokyo and Washington's aim for a stronger yen.