TOKYO –The Japanese yen rose against the U.S. dollar on Friday after the central bank lifted interest rates as expected at its two-day meeting and maintained a balanced tone on its future decisions, as U.S. trade partners await clarity on policy under a new president.
The Bank of Japan “is trying to be relatively cautious and market reaction is hawkish at the margin,” said Benjamin Bennett, head of investment strategy for Asia at Legal & General Investment Management in Hong Kong.
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