# Japan's yen sinks broadly as BOJ policy adjustment seen inadequate

> The yen slid to 151.715 per dollar, a one-year low, after the Bank of Japan kept a dovish stance and forecast inflation falling back below 2% in 2025. The dollar rose 1.7% against the yen, its best one-day gain since late April.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/33863-japan-s-yen-sinks-broadly-as-boj-policy-adjustment-seen-inadequate
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen makes Japanese and other Asian feed and ingredient imports costlier in local currency, while a stronger dollar tends to weigh on dollar-denominated grain and meal prices.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yen-rises-speculation-boj-policy-tweak-dollar-ebbs-2023-10-31/

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