# JPY/USD: BOJ May Raise Interest Rates by October, Currency to Gain - Bloomberg

> A Bloomberg analysis projects the Bank of Japan may raise interest rates by October, which would help the yen strengthen toward around 120 per dollar this year from about 132. The forecast ties the currency move to changes in Japanese monetary policy and inflation.

- Date: 2023-02-14 · published 2023-02-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37559-jpy-usd-boj-may-raise-interest-rates-by-october-currency-to-gain-bloomberg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen would lower the local cost of dollar-priced imports such as feed grains, which can support Japanese buying. The price effect on commodities is modest and speculative.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-02-14/mr-yen-says-ueda-may-raise-rates-by-october-currency-to-gain

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