From exchangerates.org.uk
The BoJ raised rates to 1%, the highest rate since 1995. Unlike previous hikes, markets were well prepared and the yen stayed steady following the meeting. In other news, the RBA kept rates on hold, although they left the door open for further hikes if they are needed. The Bank of Japan and the Reserve Bank of Australia both had rate meetings on Tuesday. Currency moves were muted in the aftermath, which was perhaps surprising given that the BoJ raised rates to 1%, a level that was unthinkable several years agon when the central bank pursued the most dovish policy ever implemented. The Bank of Japan raised its … (full story)
