Bank of Japan Faces Yen Pressure Following Hawkish Fed Hike
The yen's sharp drop after the Fed's rate hike increases pressure on the Bank of Japan ahead of its policy meeting.
- The yen dropped sharply following the Federal Reserve's hawkish rate hike.
- Strategists warn the Bank of Japan faces a higher bar to support the currency.
Part of the storyline: Will the Fed raise rates again?