# Bangkok Post - Beware of currency storms

> The Japanese yen fell to its lowest level in 38 years at 160 per dollar. Reports say the Bank of Japan may move to reduce liquidity and continue raising interest rates to control inflation and halt the depreciation.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/30049-bangkok-post-beware-of-currency-storms
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness and expected Bank of Japan tightening affect Asian currency flows and the cost of dollar-priced imports for Japan, a key feed buyer.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2819795/beware-of-currency-storms

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