Bank of Japan Raises Rates to 0.5%, Yen Surges in Policy Normalization Move
The Bank of Japan raised its benchmark rate to 0.5%, its highest since 2008, sending the yen sharply higher. The yen strengthened nearly 2% to 150.80 per dollar in its biggest single-day move in three
The Bank of Japan raised its benchmark rate to 0.5%, its highest since 2008, sending the yen sharply higher. The yen strengthened nearly 2% to 150.80 per dollar in its biggest single-day move in three months. Japanese 10-year bond yields climbed to 1.15%.
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