# Yen Skids, Dollar on a Steadier Footing

> The yen fell against its major peers on March 29, 2023, as confidence grew that authorities had contained the banking crisis, and the dollar moved back toward 132 yen. Oil prices rose for a third day after a dispute between the Kurdistan regional government and Baghdad over crude exports, which affects about 450,000 barrels a day.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37115-yen-skids-dollar-on-a-steadier-footing
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The Kurdistan export dispute removes a meaningful amount of crude supply, which supports oil prices and raises diesel and freight costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- USDJPY: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/yen/18437-yen-skids-dollar-on-a-steadier-footing

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