Yen Fluctuates, JGBs Maintain Decline After BOJ Hike, Bond Cut.

The Bank of Japan's decision to raise interest rates and reduce bond purchases has caused fluctuations in the yen and a decline in bond prices. The yen had been strengthening prior to the decision, and the initial pace of bond cuts was slightly slower than expected. The yield on 10-year bonds rose, while the Topix stock index closed higher. The BOJ's move is seen as a hawkish one, and the pressure on the yen will likely continue if the Federal Reserve does not indicate a rate cut in September. [Extracted from the article]