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 0.8% and bond markets erased earlier gains after the central bank raised its benchmark interest rate by a quarter percentage point to 1.25%.
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 0.8% and bond markets erased earlier gains after the central bank raised its benchmark interest rate by a quarter percentage point to 1.25%.
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