# Yen weakens against dollar following Powell's Jackson Hole remarks - Nikkei Asia

> The Japanese yen weakened against the dollar at the start of the trading week after Fed Chair Jerome Powell and other central bank chiefs spoke at the Jackson Hole symposium. Powell said the Fed is prepared to raise interest rates further if needed.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/34822-yen-weakens-against-dollar-following-powell-s-jackson-hole-remarks-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

Stronger US rate expectations lift the dollar against the yen, which affects dollar-denominated feed and grain import costs for Japan and widens the rate gap that supports the dollar broadly.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-26 | [Yen weakens past 149 to dollar, nearing 1-year low - Nikkei Asia](https://feedsoft.ai/events/34349-yen-weakens-past-149-to-dollar-nearing-1-year-low-nikkei-asia.md) | +0.8% | +1.3% |
| 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% |
| DXY | 2022-11-14 | [Dollar Rises Against Euro and Yen Following Fed Commentary](https://feedsoft.ai/events/38896-dollar-rises-against-euro-and-yen-following-fed-commentary.md) | -0.7% | -1.6% |
| DXY | 2026-03-27 | [Ringgit weakens past 4.00 against US dollar \| The Star](https://feedsoft.ai/events/20417-ringgit-weakens-past-4-00-against-us-dollar-the-star.md) | +0.1% | -1.4% |
| 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% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/yen-weakens-against-dollar-following-powell-s-jackson-hole-remarks

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