Dollar at 10-day lows, no respite for yen after BOJ hikes as expected - Reuters

Article excerpt

The dollar fell to 10-day lows following the Bank of Japan's expected interest rate hike, but the yen found little relief from the move. The BOJ's decision, anticipated by markets, failed to provide the currency boost Japan's exporters had hoped for. Traders appear to have already priced in the rate increase, limiting its impact on foreign-exchange movements. The weakness in the dollar reflects broader market dynamics beyond Japan's monetary policy shift, suggesting investors are reassessing global growth prospects and interest-rate differentials across major economies.