# Yen gains as some BOJ policymakers see rate hike soon

> Some Bank of Japan policymakers signaled growing confidence in an imminent rate increase, which pushed the yen higher. The yen had weakened in recent weeks as U.S. Treasury yields rose, even though the Federal Reserve had cut rates by 100 basis points since September.

- Date: 2024-12-27 · published 2024-12-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/27180-yen-gains-as-some-boj-policymakers-see-rate-hike-soon
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of BOJ tightening narrow the yen's yield gap with the dollar, which tends to pressure USD/JPY lower. For feed buyers the effect is indirect, through the cost of imported inputs priced in dollars.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yen-hovers-near-5-month-low-bojs-cautious-stance-weighs-2024-12-27/

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