The Zhitong Finance App learned that the Bank of Japan raised interest rates by 25 basis points as scheduled on Friday, raising the benchmark interest rate to 1.25%, the highest level in 31 years. However, this interest rate hike, which was widely anticipated by the market, failed to boost the yen; on the contrary, the yen weakened. As of press time, USD/JPY was reported at 157.83. The strategist believes that Bank of Japan Governor Kazuo Ueda's remarks at the press conference disappointed investors who expected him to make more hawkish remarks.

The Zhitong Finance App learned that the Bank of Japan raised interest rates by 25 basis points as scheduled on Friday, raising the benchmark interest rate to 1.25%, the highest level in 31 years. However, this interest rate hike, which was widely anticipated by the market, failed to boost the yen; on the contrary, the yen weakened. As of press time, USD/JPY was reported at 157.83. The strategist believes that Bank of Japan Governor Kazuo Ueda's remarks at the press conference disappointed investors who expected him to make more hawkish remarks.