Yen Falls to Two-Week Low Against Dollar After BOJ's Mixed Rate Decision

The yen has fallen to a two-week low against the dollar after the Bank of Japan (BOJ) announced a split decision on interest rates, Reuters reported on the 18th. The BOJ raised its policy rate from 1.00% to 1.25%, but two policymakers opposed the increase, resulting in a 7-2 vote. Reuters noted that the dollar rose more than 1.2% against the yen, reaching as high as 158.07 yen during trading. Market reactions highlighted growing uncertainty around potential further rate hikes and future monetary policy paths by the BOJ.