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Market Impact: 0.55
BOJ Split Vote Sends Bearish Signal on Yen, Strategists Say
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsCurrency & FX
The Bank of Japan raised its benchmark interest rate by 25bps to 1.25%, but a split policy vote was interpreted as a dovish or bearish signal for the yen. The yen fell as much as 0.5% following the decision, indicating markets see limited conviction behind further tightening.
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