# BOJ shift gives yen a shake and causes reassessment of popular FX trade | Reuters

> The yen strengthened after the Bank of Japan raised rates and signalled further tightening, prompting traders to reassess popular yen-funding carry trades. Analysts warned that unwinds could produce sharp, one-day yen moves.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/29526-boj-shift-gives-yen-a-shake-and-causes-reassessment-of-popular-fx-trade-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen and unwinding carry trades tighten global financial conditions and can strengthen the dollar against emerging-market currencies, which affects the purchasing power of importers of feed ingredients.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/boj-shift-gives-yen-shake-causes-reassessment-popular-fx-trade-2024-07-31/

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