Bank of Japan Raises Rates for First Time in 15 Years, Sending Yen Tumbling
• Japanese shares end higher, yen weakens to 150 per dollar after Bank of Japan raises rates for first time since 2007 • BOJ shifts away from years of ultra-easy policy, abandons yield curve control and riskier asset purchases • Focus now on whether BOJ hike is one-off or start of further tightening cycle • Yen sell-off highlights its role as funding currency; two-way risk seen higher • Fed widely expected to hold rates steady this week; traders pare back bets on rate cuts this year after strong inflation