# JPY/USD: Japan's Yen Rises to Strongest Level Since June After BOJ Policy Shift - Bloomberg

> The yen rose to a six-month high against the dollar, reaching 129.79 per dollar, as bets grew that Japan would tighten policy further after raising its bond-yield cap in December. Thin liquidity during the new-year holidays amplified the move.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/38009-jpy-usd-japan-s-yen-rises-to-strongest-level-since-june-after-boj-policy-shift
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen lowers the dollar cost of yen-based buyers' imports and reflects shifting rate expectations; for feed markets the effect on dollar-priced grain and meal is minor.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-01-03/yen-rises-to-strongest-level-since-june-after-boj-policy-shift

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