# Yen weakens past 151 against dollar after BOJ tweaks policy - Nikkei Asia

> The yen weakened to 151 per dollar on Tuesday after the Bank of Japan set 1.0% as a new reference point for 10-year government bond yields. The market had not treated the change as a true end to ultraloose policy, and a revelation that Japan did not intervene in October added to the selling.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/33867-yen-weakens-past-151-against-dollar-after-boj-tweaks-policy-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

With no intervention and no clear end to ultra-loose policy, the yen's weakness is likely to persist, raising Japanese import costs for dollar-priced feed inputs.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-weakens-past-151-against-dollar-after-boj-tweaks-policy

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