Dollar Breaks Above 157 Yen After BOJ Votes 7-2 to Raise Rates

A hike delivered with two dissents, yet the yen still sliding past a closely watched level, is the tell: the market is reading this as too little, too late rather than as genuine tightening. That divergence matters for carry trades funded in yen and for the broader read on how much a BOJ move can actually shift currency dynamics when the rate gap remains wide. Whether the dissents harden into a more divided board, and whether the yen stabilizes or keeps sliding, is the open question.