World & BusinessBank of Japan raises rates to 1.25%, highest since 1995
The yen fell after the 0.25-percentage-point rate increase, the Financial Times reports.
TLDR
The Financial Times reports that the Bank of Japan raised interest rates to 1.25%, the highest level since 1995, but the yen fell afterward. A separate forex market post says UBS expects limited gains for the yen even after the increase.
Bank of Japan raises rates to 1.25%, highest since 1995
The yen fell after the 0.25-percentage-point rate increase, the Financial Times reports.