JPY News Today: Bank of Japan Lifts Rates, Market Reactions on Dec 20

On December 20, the Bank of Japan (BoJ) made a historic move by lifting its benchmark rates to the highest level seen in three decades. This significant adjustment marks a strategic shift towards policy normalization amidst persistent inflation concerns. The immediate consequences included sharp movements in the Japanese yen, impacting global trading dynamics. As BoJ signals a new monetary phase, investors are closely observing the ripple effects across different markets.