BOJ Split Vote Sends Bearish Signal on Yen, Strategists Say

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 0.5% after...

By Matthew Burgess and Atsuko Fukase · Bloomberg Markets

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 0.5% after the central bank raised its benchmark interest rate by a quarter percentage point to 1.25%.