# Yen weakens past 149 to dollar, nearing 1-year low - Nikkei Asia

> The yen weakened to 149.18 per dollar at one point on Tuesday, its lowest level since October last year. Dollar buying was fueled by the US Treasury yield reaching a 16-year high and a comment from a Fed official. The move extends the yen's slide against the dollar.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/34349-yen-weakens-past-149-to-dollar-nearing-1-year-low-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US yields and a firmer dollar raise the cost of dollar-priced feed imports for yen-based buyers and can weigh on dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-28 | [Yen weakens against dollar following Powell's Jackson Hole remarks - Nikkei Asia](https://feedsoft.ai/events/34822-yen-weakens-against-dollar-following-powell-s-jackson-hole-remarks-nikkei-asia.md) | +0.2% | +1.3% |
| DXY | 2022-01-20 | [Yen's lost decades: Japanese buying power sinks to near 50-year low - Nikkei Asia](https://feedsoft.ai/events/43368-yen-s-lost-decades-japanese-buying-power-sinks-to-near-50-year-low-nikkei-asia.md) | +0.4% | +0.1% |
| DXY | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | +1.6% | +1.1% |
| DXY | 2025-09-26 | [Yen dips to 2-month low against dollar as investors bet on longer BOJ pause - Nikkei Asia](https://feedsoft.ai/events/23126-yen-dips-to-2-month-low-against-dollar-as-investors-bet-on-longer-boj-pause.md) | -0.1% | +0.3% |
| DXY | 2026-03-27 | [Yen plunges past 160 against dollar for 1st time in 20 months - Nikkei Asia](https://feedsoft.ai/events/20401-yen-plunges-past-160-against-dollar-for-1st-time-in-20-months-nikkei-asia.md) | +0.1% | -1.4% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-weakens-past-149-to-dollar-nearing-1-year-low

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