Japanese Yen slumps after BoJ hikes interest rates by 25 bps to 1.25%

The Japanese yen fell sharply after the Bank of Japan hiked its key benchmark rate by 25bps to 1.25%, marking the highest level since April 1995. BoJ made rate policy decision by 7-2 vote. The Japanese currency plunges against the US Dollar after the Bank of Japans monetary policy decision. The USD/JPY pair surges to near 156.95 at the time...