# Yen slumps more than 1% after BoJ decision | Convera

> The yen fell more than 1% after the Bank of Japan's dovish decision, while the dollar was steady but on track for a monthly loss. Weak US first-quarter GDP and hot core PCE data shaped the dollar outlook.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/36632-yen-slumps-more-than-1-after-boj-decision-convera
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen and firmer dollar on Fed rate expectations raise the dollar cost of dollar-priced feed imports for yen-based buyers, with limited direct price impact.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Yen gains to 150 after BoJ hike \| Convera](https://feedsoft.ai/events/29548-yen-gains-to-150-after-boj-hike-convera.md) | -0.5% | -1.9% |
| DXY | 2018-07-31 | [Yen plumbs week trough against dollar after BoJ's decisions](https://feedsoft.ai/events/64280-yen-plumbs-week-trough-against-dollar-after-boj-s-decisions.md) | +0.6% | +0.6% |
| DXY | 2026-04-29 | [South African rand falls more than 1% ahead of Fed decision \| Reuters](https://feedsoft.ai/events/20000-south-african-rand-falls-more-than-1-ahead-of-fed-decision-reuters.md) | -0.1% | +0.3% |
| DXY | 2021-09-28 | [Sterling drops more than 1%](https://feedsoft.ai/events/45308-sterling-drops-more-than-1.md) | +0.5% | -0.1% |
| DXY | 2025-07-31 | [Yen rises after BOJ decision; dollar eyes first monthly gain this year — TradingView News](https://feedsoft.ai/events/24004-yen-rises-after-boj-decision-dollar-eyes-first-monthly-gain-this-year.md) | -0.7% | -0.6% |

## Sources

- convera.com: https://convera.com/blog/market-insights/fx-research/daily-market-updates/yen-slumps-more-than-1-after-boj-decision/

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