# Japan's government 'alarmed' by recent forex moves, top officials say

> The dollar rose to 157.93 yen on Friday, its highest since July, after the Bank of Japan kept rates unchanged and its governor gave few clues on the timing of future hikes. Japanese officials described themselves as alarmed by the recent currency moves.

- Date: 2024-12-20 · published 2024-12-20T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/27181-japan-s-government-alarmed-by-recent-forex-moves-top-officials-say
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen lifts the yen cost of dollar-priced feed imports, and official intervention threats can produce sharp reversals in USD/JPY. The move is a currency story with limited direct effect on grain or meal prices.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japans-government-alarmed-by-recent-forex-moves-top-officials-say-2024-12-20/

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