# A stronger yen could jolt global markets

> Reuters reports that the Bank of Japan's years of cheap cash and sub-zero rates turned the yen into a favored funding currency, sending large amounts of Japanese capital abroad. Citi strategists have set a target for the yen.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36628-a-stronger-yen-could-jolt-global-markets
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen would unwind carry trades and could pressure dollar-priced commodities and feed margins for importers, with a modest effect on US export competitiveness.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/stronger-yen-could-jolt-global-markets-2023-04-27/

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