# JPY is supported by narrowed yield spreads and hawkish BoJ – Scotiabank

> The Japanese yen rose 0.2% against the US dollar, moving toward the upper end of its recent range. Scotiabank cited narrowing US-Japan yield spreads and a hawkish BoJ speech by board member Nakagawa, who pointed to reduced trade policy uncertainty and a better environment for a rate hike.

- Date: 2025-08-28 · published 2025-08-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/23561-jpy-is-supported-by-narrowed-yield-spreads-and-hawkish-boj-scotiabank
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer yen lowers the yen cost of dollar-priced feed imports for Japanese buyers, a modest easing of import costs. The effect on grain and meal prices in dollar terms is minor.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/jpy-is-supported-by-narrowed-yield-spreads-and-hawkish-boj-scotiabank-202508281121

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.