# Japanese yen rises to two-week high vs dollar on talk of BOJ policy tweak | Reuters

> The yen rose to a two-week high of 148.81 per dollar on Monday after a Nikkei report said the Bank of Japan was considering letting the 10-year bond yield rise above 1%. The Bank of Japan began a two-day policy meeting that day, and surging global rates were adding pressure to change its yield control policy.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/33869-japanese-yen-rises-to-two-week-high-vs-dollar-on-talk-of-boj-policy-tweak
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of a looser yield cap moved the yen, and the outcome of the meeting affects currency-driven import costs for Asian feed buyers.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-holds-near-150-yen-cbank-policy-data-deluge-awaited-2023-10-30/

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