# Yen falls on dovish BOJ as market awaits Fed decision

> The yen fell more than 1% against the dollar after the Bank of Japan kept ultra-low interest rates while other major central banks tightened. Governor Kuroda said Japan was nowhere near raising rates. The Federal Reserve was expected to raise rates by 75 basis points at its Nov. 1-2 meeting.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/39369-yen-falls-on-dovish-boj-as-market-awaits-fed-decision
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The gap between US and Japanese rates keeps pressure on the yen and supports a stronger dollar. This raises the local-currency cost of dollar-priced grain and meal imports for Japan.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-29 | [Ringgit falls on stronger dollar direction, markets await Fed decision](https://feedsoft.ai/events/58342-ringgit-falls-on-stronger-dollar-direction-markets-await-fed-decision.md) | +0.6% | +1.5% |
| DXY | 2024-07-31 | [Market Awaits Fed Interest Rate Decision, Rupiah Potential to Weaken](https://feedsoft.ai/events/29613-market-awaits-fed-interest-rate-decision-rupiah-potential-to-weaken.md) | -0.5% | -1.9% |
| DXY | 2024-12-18 | [Asia-Pacific markets live updates: Fed rate cuts, BOJ rate decision](https://feedsoft.ai/events/27170-asia-pacific-markets-live-updates-fed-rate-cuts-boj-rate-decision.md) | +0.7% | +1.5% |
| DXY | 2017-10-28 | [Euro falls most this year on ECB bond decision and Spanish woes \| The National](https://feedsoft.ai/events/68669-euro-falls-most-this-year-on-ecb-bond-decision-and-spanish-woes-the-national.md) | -0.2% | -1.6% |
| DXY | 2025-10-29 | [Dollar drifts higher ahead of Fed decision, Aussie gains on CPI \| MarketScreener](https://feedsoft.ai/events/22662-dollar-drifts-higher-ahead-of-fed-decision-aussie-gains-on-cpi-marketscreener.md) | +1.0% | +0.5% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/yen-choppy-boj-stays-dovish-041149059.html

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