US Dollar Advances Against Yen Following Dissenting Bank of Japan Rate Hike

The US dollar rose against the Japanese yen after two Bank of Japan policymakers dissented from a decision to raise interest rates by 25 basis points to 1.25%.

The rate increase to a 31-year high failed to strengthen the yen due to a perceived lack of hawkish guidance, though the dollar pared gains following reports of Japanese rate checks.

The dollar index climbed 1.2% for the week to a seven-week high following the Federal Reserve's rate hike, while bitcoin rose 5.9% to $81,000.