# BOJ defies market bets for policy tweaks, yen tumbles | Reuters

> The Bank of Japan surprised markets by keeping its policy settings unchanged rather than overhauling its yield control policy. The yen skidded against other currencies and bond yields fell by the most in decades as investors unwound bets on a policy change.

- Date: 2023-01-17 · published 2023-01-17T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/38007-boj-defies-market-bets-for-policy-tweaks-yen-tumbles-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen and a stronger dollar shift the cost of dollar-priced grain and meal imports for Japan and reshape currency-driven export competitiveness; the move is mainly a currency and rates story with little direct feed price impact.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/japans-yield-control-faces-biggest-test-date-boj-debates-policy-2023-01-17/

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