# Japanese Yen faces pressure as soft Japan CPI weakens BoJ's rate-hike case

> The yen weakened after Japan's national CPI fell to 2.5% in April from 2.7%, still above the BOJ's 2% target. Softer inflation reduces the case for near-term BOJ tightening. The dollar also fell despite hawkish Federal Reserve signals.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/30510-japanese-yen-faces-pressure-as-soft-japan-cpi-weakens-boj-s-rate-hike-case
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Softer inflation weakens the case for BOJ hikes, keeping the yen under pressure and raising the yen cost of dollar-priced feed imports for Japan. The outlook depends on whether the BOJ moves before the Fed.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japanese-yen-depreciates-due-to-softer-cpi-stronger-us-dollar-202405240306

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