# Bank of Japan's opaque policy shift means stronger, wilder yen

> The Bank of Japan's policy shift left the yen volatile, strengthening by as much as 1.2% against the dollar before weakening and settling near 139 per dollar. Markets are still assessing how the opaque adjustment to yield curve control will play out.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/35285-bank-of-japan-s-opaque-policy-shift-means-stronger-wilder-yen
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency volatility around a major central bank move can shift dollar-denominated commodity prices and the cost of imports for Asian feed buyers. The net direction is unclear for now.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/asia/bank-japans-opaque-policy-shift-means-stronger-wilder-yen-2023-07-28/

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