The yen strengthened after the Bank of Japan (BOJ) raised rates on Friday and revised its inflation forecasts upwards. Meanwhile, the Australian and New Zealand dollars surged following U.S. President Donald Trump's comments indicating a more lenient approach to tariffs against China.
The BOJ increased rates by 25 basis points at the end of its two-day policy meeting, a move that had been widely anticipated by policymakers ahead of the decision.
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