# USD/JPY: Yen Strengthens Despite Bank of Japan Keeping Interest Rates Unchanged

> The Bank of Japan kept its benchmark rate at 0.25%, as expected, and the yen strengthened against the dollar. USD/JPY fell about 0.8% to 152.30 after the decision.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/28110-usd-jpy-yen-strengthens-despite-bank-of-japan-keeping-interest-rates-unchanged
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer yen lowers the local-currency cost of dollar-priced feed imports for Japan, a small supportive factor for Japanese demand; the effect on global prices is minor.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/tradingview:2b26f8f01094b:0-usd-jpy-yen-strengthens-despite-bank-of-japan-keeping-interest-rates-unchanged/

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