# Morning Bid: The year of the yen?

> The yen has jumped almost 7% against the dollar to around 130.70 since the Bank of Japan made a surprise tweak to its bond-yield control in December. The adjustment allows long-term rates to rise more and was aimed at easing the costs of prolonged stimulus.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/38012-morning-bid-the-year-of-the-yen
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen changes the yen cost of dollar-priced commodity imports and reflects a policy shift that markets are still pricing; the link to feed prices is indirect.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/global-markets-view-usa-2023-01-03/

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