ING analyst Frantisek Taborsky said the yen, which fell to a two-week low
against the dollar after the BOJ raised its policy rate to 1.25%, may weaken
further after two board members — appointed by Prime Minister Sanae Takaichi —
voted against the move, saying the hike was unnecessary. Taborsky said the
dissent signals market resistance to the fastest tightening in over 30 years and
could increasingly constrain further rate hikes this year.