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Bloomberg Quint

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Image Credit: Bloomberg Quint

Yen Fluctuates After Bank Of Japan Hikes Rates As Traders Wait For Governor Speech

  • The Japanese currency is moving between gains and losses, and was down 0.1% to 156.11 at 12:27 p.m.
  • The Bank of Japan raised interest rates for the first time since July.
  • The decision is good news for the beleaguered yen, which has been weighed down by wide interest-rate differentials between the US and Japan.
  • Governor Kazuo Ueda will give hints about the pace of future hikes at his press conference this afternoon.

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