# Yen Watchers Ask When Japan Will Step In as Slide Accelerates

> The yen fell past 160 per dollar for the first time since 1990 on Monday in thin holiday trading in Japan. The move followed the central bank's signal that financial conditions would stay easy.

- Date: 2024-05-01 · published 2024-05-01T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/30967-yen-watchers-ask-when-japan-will-step-in-as-slide-accelerates
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness raises dollar-denominated import costs for Japanese feed buyers and reflects dollar strength that can weigh on US commodity competitiveness.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-04-28/usd-jpy-yen-watchers-ask-where-is-japan-intervention-as-currency-weakens

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