Yen weak ahead of BOJ decision; rate hike expected - Reuters

The yen declined against the dollar following the Bank of Japan decision to increase its policy rate by 25 basis points. This rate hike had been widely expected by market participants. Prior to the official announcement, the yen had already shown weakness as investors anticipated the move. The currency's drop occurred despite the central bank lifting rates, reflecting market reactions to the expected monetary policy adjustment by the Bank of Japan in the current economic climate.