# JPY/USD: Yen Outperforms Peers After Bessent Suggests Narrowing Rate Gap - Bloomberg

> The yen outperformed major peers after US Treasury Secretary Scott Bessent said the Fed should cut rates by 150 basis points or more and that the BoJ is behind the curve on inflation. The yen gained as much as 0.7% to 146.34 per dollar, its strongest level in about three weeks.

- Date: 2025-08-14 · published 2025-08-14T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/23565-jpy-usd-yen-outperforms-peers-after-bessent-suggests-narrowing-rate-gap
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of a narrower rate gap support the yen and lower USD/JPY, which trims the yen cost of dollar-priced feed imports for Japan. The effect on grain and meal prices is small.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-08-14/yen-outperforms-peers-after-bessent-suggests-narrowing-rate-gap

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