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fxJun 16, 2026, 8:12 AM

Bank of Japan Raises Rate to Highest Since 1995, USD/JPY Drops to 160.13

The Bank of Japan raised its key interest rate to the highest level since 1995, driving the USD/JPY pair down to 160.13 after two volatile trading sessions.

USDJPY

The USD/JPY pair fell to 160.13 on Tuesday after two highly volatile trading sessions. The decline followed the Bank of Japan’s decision to raise its key interest rate to the highest level since 1995.

Investors remain focused on the implications of the BOJ’s latest policy move, which has injected fresh uncertainty into the currency markets. The rate hike marks a significant shift in Japan’s monetary stance after decades of ultra-low rates.

Source: FXStreet Forex News