# FX Daily News 30.10.23: BoJ Policy Decision, FED Nerves To Drive Short-Term Exchange Rate Moves

> Currency markets were positioning ahead of the Bank of Japan policy decision and the Federal Reserve announcement that week. USD/JPY traded below 150.00 on October 30, and analysts flagged a possible dollar slide if the BoJ removed negative rates.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33889-fx-daily-news-30-10-23-boj-policy-decision-fed-nerves-to-drive-short-term
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Central bank decisions drive dollar and yen moves, which affect the cost of dollar-priced grain and meal for importers in Asia. The impact on feed prices is indirect.

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/39407/30-10-2023-today-s-daily-fx-update-pound-to-euro-dollar-exchange-rate-outlook.html

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