# Yen (JPY USD) Weakens After BOJ Maintains Negate Interest Rate Policy - Bloomberg

> The yen weakened as much as 1.5% to 144.96 per dollar in European trade after BOJ Governor Kazuo Ueda said it is difficult to lay out an exit plan from ultra-easy policy. The BOJ kept rates at -0.1% and its yield curve control settings unchanged. Japan's 10-year yield fell to 0.635%.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32956-yen-jpy-usd-weakens-after-boj-maintains-negate-interest-rate-policy-bloomberg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A BOJ hold that pushes the yen weaker raises the yen cost of dollar-priced feed imports for Japan, though the effect on global grain and meal prices is minor.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-12-19/yen-weakens-nikkei-futures-climb-after-boj-maintains-policy

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