# Five charts on the Japanese yen's decades-long drop

> Reuters charts show the yen has fallen nearly 11% against the dollar this year and about 35% over three decades, reaching a 34-year low. Japanese benchmark rates sit far below U.S. Treasury yields, making JGBs unattractive to large foreign investors.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/30960-five-charts-on-the-japanese-yen-s-decades-long-drop
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weak yen lifts the cost of imported feed inputs priced in dollars for Japan and other yen-linked buyers, while the dollar strength it reflects can pressure dollar-denominated grain and meal prices.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/five-charts-japanese-yens-decades-long-drop-2024-04-29/

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