# Yen is Wall Street’s favourite trade - Moneyweb

> The yen has become Wall Street's preferred safe-haven currency after banking crises in the US and Switzerland weakened the dollar and franc. Strategists expect the Federal Reserve to pivot away from higher-for-longer rates, which has squeezed bets against the yen.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/37111-yen-is-wall-street-s-favourite-trade-moneyweb
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen on a weaker dollar lowers the yen cost of dollar-priced feed ingredients, but this is a currency-sentiment story with little direct effect on feed supply.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/yen-is-wall-streets-favourite-trade/

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