EconomyYen Falls After BOJ Hike as US Said to Delay New China Tariffs

The yen extends its decline against the dollar after BOJ Governor Ueda sent mixed signals on the prospect of further rate increases. The central bank raised rates by a quarter point to 1.25%. The US is expected to wait until after next week’s summit between President Trump and President Xi Jinping before announcing new tariffs on China and other trading partners.