# Goldman Sees Modest Yen Weakness From US Rates Despite BOJ Bets

> Goldman Sachs strategists said pressure from the US bond market may cause modest yen weakness in the short term, outweighing any benefit from speculation of a BOJ policy shift. The yen had fallen to a two-month low of 136.55 per dollar earlier that week.

- Date: 2023-02-27 · published 2023-02-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37557-goldman-sees-modest-yen-weakness-from-us-rates-despite-boj-bets
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising US real yields strengthening the dollar against the yen is a macro factor that can influence dollar-priced commodity trade. The impact on feed prices is limited.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-30 | [Yen weakens after BOJ holds rates steady, Fed boosts dollar](https://feedsoft.ai/events/22641-yen-weakens-after-boj-holds-rates-steady-fed-boosts-dollar.md) | +1.1% | +0.4% |
| DXY | 2026-06-30 | [US dollar holds near 13-month high as yen's slide, Fed rate hike bets boost the greenback](https://feedsoft.ai/events/19010-us-dollar-holds-near-13-month-high-as-yen-s-slide-fed-rate-hike-bets-boost-the.md) | -0.1% | -0.3% |
| DXY | 2023-05-25 | [Gold hits 2-month low on US debt talks progress, rate hike bets \| Reuters](https://feedsoft.ai/events/35842-gold-hits-2-month-low-on-us-debt-talks-progress-rate-hike-bets-reuters.md) | -0.4% | -1.1% |
| DXY | 2018-06-26 | [The US Dollar's Weakness Saved The Aussie From Retesting Its Lows \| Investing.com AU](https://feedsoft.ai/events/64775-the-us-dollar-s-weakness-saved-the-aussie-from-retesting-its-lows-investing-com.md) | +0.8% | -0.1% |
| DXY | 2026-09-24 | [Japanese Yen struggles as Fed rate hike bets drive US yields higher](https://feedsoft.ai/events/17708-japanese-yen-struggles-as-fed-rate-hike-bets-drive-us-yields-higher.md) | +0.7% | +1.0% |

## Sources

- borsen.dk: https://borsen.dk/nyheder/prointernational/markets/article3282954.ece

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