
Japan’s central bank has raised the interest rate up to 17 years high. Today the interest rate has been increased down from 0.25 percent up to 0.5 percent,The last time the country saw such interest only in 2007-2008 . The managers of the Central bank had already communicated this decided to the the markets were anticipating this decided.
Also this morning recent data show that inflation per annum has risen by 3.6 percent,The market was expected at 3.4 percent. The recovery of inflation and increasing interest rates today has reinforced its pricing, the USD/Yen rate falls about 0.5 percent,