Bank of Japan's Rate Hike Boosts Yields and Markets

The Bank of Japan raised interest rates as expected but provided little guidance on future policy, leading to a broad weakening of the yen, which hit a record low against the euro. Ueda's vague comments and dissenting board members' views contributed to market uncertainty, while other major central banks like the ECB and BoE took different stances on monetary policy. The euro and sterling experienced modest movements amid mixed signals from global monetary authorities.