# Yen (JPY USD) Swings After BOJ Adjusts Yield Curve Control (YCC) - Bloomberg

> The yen whipsawed after Governor Kazuo Ueda unexpectedly altered yield curve control, with the currency swinging about 1% in each direction within an hour. The choppiness continued through the press conference even as the moves narrowed.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/35286-yen-jpy-usd-swings-after-boj-adjusts-yield-curve-control-ycc-bloomberg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Sharp intraday currency swings add uncertainty to dollar-based pricing of imports and exports. The effect on feed commodity prices is likely limited and mainly comes through the dollar.

## Read by commodity

- USDJPY: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-07-28/yen-swings-after-boj-makes-adjustment-to-yield-curve-control

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