# Japan's yen sinks as spike in crude oil overpowers safe-haven appeal | Reuters

> The Japanese yen has fallen 2.4% against the US dollar and 1.4% against the Swiss franc since Israel launched missile attacks on Iranian nuclear and military targets on June 13. Crude oil has spiked since the conflict began, and Japan imports nearly all its oil. The rise in crude threatens Japan's trade balance and weakens the yen's usual safe-haven appeal.

- Date: 2025-06-23 · published 2025-06-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/24460-japan-s-yen-sinks-as-spike-in-crude-oil-overpowers-safe-haven-appeal-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude raises Japan's import bill and weakens the yen, which lifts USD/JPY and adds cost pressure for Japanese feed and energy buyers. The effect on Japanese exporters' earnings may be short-lived because energy costs rise.

## Read by commodity

- BRENT: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-08-23 | [Oil climbs over 2% after Fed's Powell indicates US rate cuts \| Reuters](https://feedsoft.ai/events/28694-oil-climbs-over-2-after-fed-s-powell-indicates-us-rate-cuts-reuters.md) | +3.5% | -3.3% |
| BRENT | 2026-03-23 | [Indian rupee hits record low as prolonged oil spike pressures economic outlook \| Reuters](https://feedsoft.ai/events/20449-indian-rupee-hits-record-low-as-prolonged-oil-spike-pressures-economic-outlook.md) | +1.5% | -13.8% |
| BRENT | 2021-02-15 | [VEGOILS-Palm reverses losses, up 2% on crude oil jump By Reuters](https://feedsoft.ai/events/48725-vegoils-palm-reverses-losses-up-2-on-crude-oil-jump-by-reuters.md) | +0.7% | +10.6% |
| BRENT | 2019-09-16 | [Oil spike sends India assets lower as inflation concerns revive](https://feedsoft.ai/events/57385-oil-spike-sends-india-assets-lower-as-inflation-concerns-revive.md) | +6.6% | -0.3% |
| BRENT | 2026-06-01 | [Analysts hike oil forecasts again as energy flows face slow recovery: Reuters poll](https://feedsoft.ai/events/19426-analysts-hike-oil-forecasts-again-as-energy-flows-face-slow-recovery-reuters.md) | +2.9% | -23.1% |

## Sources

- reuters.com: https://www.reuters.com/business/japans-yen-sinks-spike-crude-oil-overpowers-safe-haven-appeal-2025-06-23/

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