# Making sense of a wrong-way bet on the yen

> The yen has lost about 7 percent against the dollar this year, making it the weakest of the large developed-market currencies. Despite expectations for a stronger yen, the Bank of Japan's rate moves did not reverse the trend.

- Date: 2024-03-27 · published 2024-03-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/31450-making-sense-of-a-wrong-way-bet-on-the-yen
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency weakness that persists despite rate hikes points to a strong dollar that can keep dollar-priced grain and feed costs elevated for Japanese buyers.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- ft.com: https://www.ft.com/content/19d75d3e-194d-4775-a098-106f13c51ae2

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