# Yen surges after BOJ hints at policy shift, sending dollar lower

> The yen strengthened after the Bank of Japan hinted at a shift in its policy stance, pushing the dollar lower. Traders also expect euro zone rates to fall to 3% by September, down from 3.4% expected two weeks earlier. Falling inflation and a slowdown in major economies such as Germany drove the repricing.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32929-yen-surges-after-boj-hints-at-policy-shift-sending-dollar-lower
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer yen and weaker dollar change the relative price of US exports to Japan and can shift flows in dollar-priced commodities. The effect on feed markets is small.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-steady-euro-near-three-week-low-rate-cut-bets-rise-2023-12-07/

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