# Analysis: Yen May Weaken Further as Interest Rates Diverge - WSJ

> Analysts expect the yen to weaken further in coming months as the interest rate gap between Japan and most other countries could widen. The Bank of Japan's stance under Governor Kazuo Ueda was cited as a driver of the currency's weakness.

- Date: 2023-06-29 · published 2023-06-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/35734-analysis-yen-may-weaken-further-as-interest-rates-diverge-wsj
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Continued yen weakness would keep Japanese import costs for feed ingredients and energy elevated. A stronger dollar against the yen tends to support US dollar-denominated grain export prices in yen terms.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/articles/analysis-yen-may-weaken-further-as-interest-rates-diverge-bdc09677

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