The Bank of Japan maintains its interest rate at 0.25%, resulting in a weaker yen.

On Thursday, the Bank of Japan maintained its benchmark interest rate at 0.25%.

The U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%, and the decision was made a day after the cut.

The dollar strengthened 0.16% against the euro after the rate decision, trading at 155.06.

The BOJ announced that its decision to hold was made by a split 8-1 vote, with board member Naoki Tamura pushing for a 25-basis-points increase.

The BOJ's decision to keep its key interest rate unchanged in December was in line with a CNBC poll that found 13 out of 24 economists predicted this outcome before the Fed announced fewer rate cuts for 2025. The survey was conducted between Dec. 9-13.

The BOJ is predicted to increase interest rates three times in 2025, reaching a rate of 1%, according to a Dec. 13 note from Citi.

This is a breaking news story. Please refresh for updates.