Bank Of Japan Hikes Rates

TokyoJapan’s rate hit 1.25%, a 31-year high.

The move unwinds years of borrowing free yen to buy higher-yielding assets abroad.

Unwinding those trades means selling foreign assets to buy yen back.

The yen still fell to 156.70 per dollar, suggesting markets read the hike as insufficient.

Sources: CoinDesk