BoJ hikes to 31-yr high, yen weak; oil falls as Brazil election risk weighs

The Bank of Japan raised rates to 1.25%, the highest in 31 years, but the yen remains weak, underscoring persistent inflation concerns globally. The Fed's first hike since 2023 on Wednesday adds to a tightening bias. Oil prices continue to fall as investors weigh Brazil's electoral scenario and its implications for the Selic trajectory.