BoJ Hikes Rate to 1.0% but Yen Continues to Fall
Despite the Bank of Japan raising its policy rate to 1.0%, the Japanese yen remains under pressure as analysts say the hike is insufficient to trigger a sustained recovery.
USDJPY
The Bank of Japan has raised its policy rate to 1.0%, yet the Japanese yen continues to weaken against major currencies.
Analysts cited in the report note that the rate hike has not been enough to halt the yen’s decline or spark a lasting rebound, pointing to persistent structural factors weighing on the currency.
Market participants are closely watching for further signals from the BoJ on the pace of future tightening.
Source: FXStreet Forex News