Yen Slumps to Two-Week Low After BOJ Rate Decision
The Japanese yen sank to a two-week low against the dollar on Friday following a Bank of Japan rate hike that underwhelmed traders. Dissents from policymakers raised doubts about future tightening.
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The USD/JPY exchange rate surged 1.2% to 158.07 on Friday after the Bank of Japan raised interest rates to 1.25%. The move missed hawkish trader expectations, driven by dissent from two policy makers.
