Yen extends losses after BOJ hikes to 1.25%
The yen continues to weaken versus the dollar after the Bank of Japan raised interest rates by 25 basis points to 1.25%, with BOJ guidance on further tightening falling short of expectations.
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10:41:35 AM UTC
SquawkNews
By Martin BaccardaxThe Bank of Japan raised its benchmark interest rate on Friday in a widely telegraphed move that sent the yen tumbling on global foreign exchange markets, testing the efforts to support it by U.S. Treasury Secretary Scott Bessent.The BOJ lifted its key interest rate to 1.25%, the…
25%, but its signals on further tightening fell short of high expectations. Governor Kazuo Ueda struck a careful balance in his press conference, HSBC economists said.