After the Bank of Japan decided to raise interest rates at its Monetary Policy Meeting, the yen in Tokyo briefly weakened to the ¥157-per-dollar range. As the yen weakened against the dollar, the Nikkei 225 briefly gained more than ¥1,300 from the previous day's close.
On the 18th, the yen weakened against the dollar in Tokyo's foreign exchange market, briefly reaching ¥157 to the dollar. This was the weakest yen and strongest dollar level in about two weeks.
The Bank of Japan decided to raise interest rates at its Monetary Policy Meeting, but 2 policy board members opposed the rate hike. Expectations for an early rate hike subsequently receded, prompting yen selling.
In Tokyo's stock market, the gain in the Nikkei Stock Average (225 issues) from the previous day's close briefly exceeded ¥1,300.