The yen fell as low as the ¥157 range in Tokyo foreign exchange trading on the 18th. Despite the Bank of Japan's decision to raise its policy rate by 0.25 percentage points to 1.25%, the yen was sold as expectations for further rate hikes receded.
On the 18th, the yen fell as low as the ¥157 range against the US dollar in Tokyo foreign exchange trading. It had been trading in the ¥156.10 range before the announcement.
The Bank of Japan's Monetary Policy Meeting decided to raise its policy rate by 0.25 percentage points to 1.25%.
Of the 9 Policy Board members, 2—Asada Toichiro (浅田統一郎) and Sato Ayano (佐藤綾野)—dissented.