BoJ rate hike

BoJ hikes its key interest rate by 0.25% to 0.50%. As the BoJ hiked its rate the JPY began to weaken against all majors by almost 100 pips against EUR, USD, GBP even it weakend against high yield currency like AUD and NZD. For this rate hike only one member out of eight had opposed and he is Iwata and other eight promoted to hike the rate. JPY was trading stronger against major when BoJ Governor Fukui proposed for rate hike and then when the rate hike came in since then JPY trading weaker. On the back of JPY weakend this suggest that rate hike didnt surprised the market players.