Yen slips toward more losses after BOJ rate hike
The yen fell to a two-week low versus the dollar after the Bank of Japan raised rates to 1.25% with two board members dissenting, market talk says.
Story updates
09:41:40 AM UTC
SquawkNews
The Japanese yen could weaken further after the Bank of Japan dampened expectations for more aggressive policy tightening, MUFG Bank's Derek Halpenny says in a note. The BOJ voted 7-2 to raise rates by 25 basis points to 1.25% on Friday. The split vote is weighing on the yen, along with the BOJ adj…
25%, while two board members dissented, ING's Frantisek Taborsky said in a note. Toichiro Asada and Ayano Sato, who were appointed by Prime Minister Sanae Takaichi, argued t…