# Yen surges to 150 per dollar after Bank of Japan hikes rates - MarketWatch

> The yen rallied to its strongest level against the dollar in more than four months after the Bank of Japan surprised economists with a rate hike to 0.25%. The central bank also said it would halve its monthly bond purchases by early 2026.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/29527-yen-surges-to-150-per-dollar-after-bank-of-japan-hikes-rates-marketwatch
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A sudden yen rally and tighter Japanese policy shift global carry flows and dollar strength, which can influence how cheaply Japanese and other Asian buyers can purchase imported feed.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- marketwatch.com: https://www.marketwatch.com/story/yen-surges-to-150-per-dollar-after-bank-of-japan-hikes-rates-dabf317b

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