# Japanese yen slides as BoJ stands pat | MarketPulse by OANDA Group

> The yen slid on December 19 after the BOJ kept its policy settings unchanged, with USD/JPY trading at 144.42, up 1.15% in European trade. The yen had surged 1.95% the prior week before giving back most of those gains. Ueda said more time was needed to confirm a positive wage-inflation cycle.

- Date: 2023-12-19 · published 2023-12-19T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32962-japanese-yen-slides-as-boj-stands-pat-marketpulse-by-oanda-group
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen raises the yen cost of dollar-priced feed imports for Japan, but the move has little direct bearing on global feed grain prices.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- marketpulse.com: https://www.marketpulse.com/news/japanese-yen-slides-as-boj-stands-pat/

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