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        <firstCreated>2026-06-17T17:07:00Z</firstCreated>
		
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        <contentCreated>2026-06-17</contentCreated>
		
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            <name>Japan</name>
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        <slugline xml:lang="en">Japan-Yen/Rate Hike</slugline>
        <headline xml:lang="en">Yen edges lower despite BOJ rate hike as oil concerns weigh</headline>
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The yen edged lower against the U.S. dollar in Tokyo trading on Wednesday, staying just above the 160 level even after the Bank of Japan (BOJ) raised interest rates, as concerns over elevated oil prices weighed on sentiment toward Japan's import-reliant economy.

As of 10:00 local time, the yen traded at 160.35 to 160.36 per U.S. dollar, down 13 sen from the previous trading day.

Japanese media reports said crude oil futures had fallen after the United States and Iran reached a memorandum of understanding, but prices remained high.

Market participants said the outlook could hurt Japan, which depends heavily on crude oil imports, prompting yen selling.

The BOJ on Tuesday raised its policy rate to 1.0 percent from 0.75 percent. But analysts and market participants have warned that the interest rate gap between Japan and other major economies could widen again if the U.S. Federal Reserve and the European Central Bank move ahead with further rate hikes.

Unless the BOJ accelerates the pace of tightening, the yen is likely to remain vulnerable to further depreciation, they said.



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FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland) 
1. Various of bank clerk checking Japanese yen banknotes through bill counter 
2. Various of Japanese yen banknotes on counter 
3. Japanese national flag 
4. Building of Bank of Japan 
5. Sign of Bank of Japan 

FILE: Tokyo, Japan - June 16, 2022 (CGTN - No access Chinese mainland) 
6. Various of signs reading "The Bank of Japan" 

FILE: Saitama Prefecture, Japan - 2025 (CCTV - No access Chinese mainland) 
7. Consumers shopping in budget supermarket 

FILE: Tokyo Metropolis, Japan - 2025 (CCTV - No access Chinese mainland) 
8. Various of consumers shopping in supermarket, vegetables for sale 

FILE: Tokyo, Japan - Nov 2024 (CCTV - No access Chinese mainland) 
9. Various of traffic, pedestrians 

FILE: Hiroshima, Japan - May 2026 (CGTN - No access Chinese mainland) 
10. Pedestrians 

FILE: Tokyo, Japan - Date Unknown (CGTN - No access Chinese mainland) 
11. Traffic, pedestrians 

FILE: Tokyo, Japan - Nov 29, 2025 (CCTV - No access Chinese mainland) 
12. Various of pedestrians 

FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland) 
13. Various of traffic, pedestrians 
14. Signs of bank, stores 

FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland) 
15. Various of cityscape, traffic 
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