Yen weakens after Bank of Japan holds rates; Asian markets sink on hawkish Fed

U.S. stocks were volatile and closed sharply lower following the announcement. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.37% on Thursday. Japan’s central bank kept interest rates unchanged, in line with expectations. Japanese yen weakened to 145 against the greenback shortly after the decision. Oil prices climbed following the Fed’�s third consecutive rate hike, with Brent crude futures up 0.45% to $90.24 per barrel.

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