# Morning Bid: Japan's FX no-show, Meta plunges

> A Reuters morning market briefing said the yen was weakening toward 160 per dollar with no sign that Japanese authorities would act to slow the decline. The briefing also listed regional data including South Korean GDP and Malaysian inflation.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/31021-morning-bid-japan-s-fx-no-show-meta-plunges
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weak yen lifts the yen cost of imported feed and raises Japanese buying power for US commodities only indirectly. Intervention risk is the main near-term swing factor.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-24/

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