ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Markets

Japanese yen slides past 150 after BOJ decision to raise rates

Nikkei average regains 40,000 line; Topix rises 1%

Investors are now asking whether the BOJ will further raise rates this year, and if so, at what pace. (Photo by Nanami Sato)

TOKYO -- The Japanese yen fell sharply against the dollar on Tuesday, after the Bank of Japan called an end to the world's last negative interest rate policy.

The yen declined to as low as 150.50 against the U.S. currency, its lowest point in two weeks, after slipping to 149.90 immediately after the BOJ's announcement. The currency gained slightly during BOJ Gov. Kazuo Ueda's news conference but maintained the 150 level.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more