# Yen Weakens Past 140 Per Dollar as Traders See Another Fed Hike - Bloomberg

> The yen weakened beyond 140 per dollar for the first time since November as traders priced in another Federal Reserve rate increase. The currency later pared some losses and traded slightly stronger.

- Date: 2023-05-25 · published 2023-05-25T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36168-yen-weakens-past-140-per-dollar-as-traders-see-another-fed-hike-bloomberg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen against the dollar reflects widening rate differentials, which tends to push up Japan's import costs for feed and raw materials.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-05-25/yen-weakens-past-140-per-dollar-as-fed-hike-bets-spur-us-yields

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