# BOJ policymaker calls for overhaul of ultra-loose monetary policy

> The dollar fell 0.33% to 150.21 yen on February 29 after a Bank of Japan policymaker called for an overhaul of ultra-loose monetary policy. The 10-year JGB yield rose 1.5 basis points to 0.710%.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/31908-boj-policymaker-calls-for-overhaul-of-ultra-loose-monetary-policy
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of BOJ tightening tend to strengthen the yen and weaken the dollar, which can modestly support U.S. commodity prices. The direct effect on feed markets is small.

## Read by commodity

- DXY: neutral
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-11-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting.md) | +0.3% | -1.1% |
| DXY | 2019-09-22 | [Markets swing on trade and monetary policy](https://feedsoft.ai/events/57273-markets-swing-on-trade-and-monetary-policy.md) | +0.5% | -1.0% |
| DXY | 2020-02-28 | [Richard H Clarida: US economic outlook and monetary policy](https://feedsoft.ai/events/54504-richard-h-clarida-us-economic-outlook-and-monetary-policy.md) | -0.5% | +4.3% |
| DXY | 2023-12-10 | [Last US FOMC of the Year in Focus... Impact on Exchange Rates and Korean Monetary Policy - The Asia Business Daily](https://feedsoft.ai/events/32966-last-us-fomc-of-the-year-in-focus-impact-on-exchange-rates-and-korean-monetary.md) | -0.8% | -0.9% |
| DXY | 2019-06-21 | [Speech by Governor Brainard on "Fed Listens in Cincinnati: How Does Monetary Policy Affect Your Community?" - Federal Reserve Board](https://feedsoft.ai/events/58516-speech-by-governor-brainard-on-fed-listens-in-cincinnati-how-does-monetary.md) | -0.1% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/bojs-takata-calls-overhaul-ultra-loose-monetary-policy-2024-02-29/

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