March Japanese Yen futures recorded their largest single-day percentage drop since October 6, breaking previous support levels to settle near session lows. While the Bank of Japan raised interest rates by 25 basis points to 0.75%, the yen faced pressure as Governor Kazuo Ueda provided limited clarity on the future path of rate hikes. Although the Japanese national CPI remains above the 2% target at 2.9%, market participants viewed the central bank's stance as insufficiently hawkish, weighing on the currency for a second consecutive week.