business / markets
7 hours ago

Yen Surges as Bank of Japan Hikes Rates Amid U.S. Economic Shifts

Yen Surges as Bank of Japan Hikes Rates Amid U.S. Economic Shifts
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7 Highlights
  • BoJ raises rates by 25 basis points, first major hike since 2008.
  • Yen appreciates 0.77% against USD, gaining strength over euro and GBP.
  • Governor Ueda emphasizes BoJ's hawkish stance on economic forecasts.
  • European currencies pressured as BoJ decision impacts exchange rates.
  • Japanese stocks rise initially then dip amid growth and inflation concerns.
  • BoJ signals potential for future rate hikes if inflation aligns with targets.
  • Contrasting market reactions: Japan tightens while China's policy eases.
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