# Japan Yen (JPY/USD) Real Effective Exchange Rate Is Cheaper Than 99% of Time - Bloomberg

> Bloomberg reports Japan's broad real effective exchange rate is 2.3 standard deviations below its decade average, cheaper than about 99% of the time. The article frames the yen as undervalued.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36630-japan-yen-jpy-usd-real-effective-exchange-rate-is-cheaper-than-99-of-time
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A deeply undervalued yen can support Japanese import demand for feed and food commodities as purchasing power is weak, but the effect on prices is minor.

## Read by commodity

- USDJPY: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-04-27/japan-exchange-rate-is-cheaper-than-99-of-time

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