Yen Falls After BOJ Rate Hike as Oil Extends Slide

The yen continued its decline against the dollar following a BOJ interest rate increase to 1.25%. Governor Ueda provided mixed signals regarding future rate hikes, contributing to the currency's drop. Simultaneously, the US is expected to delay announcing new tariffs on China and other trading partners until after the upcoming summit between President Trump and President Xi Jinping. Additionally, Bilfinger CEO Thomas Schulz addressed a trimmed company outlook and planned job cuts during recent market discussions.