# Sliding yen: What is happening to the Japanese currency?

> The yen has lost more than a fifth of its value against the dollar this year, hitting its lowest level since 1990. The Bank of Japan kept its main rate below zero while the US Federal Reserve raised its rate from 0.25% to 3.25%. Analysts also point to Japan's weak economic growth and aging population as drags on the currency.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/39371-sliding-yen-what-is-happening-to-the-japanese-currency
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The rate gap and weak fundamentals keep the yen under pressure, which raises Japan's dollar import costs for feed ingredients. The impact is a gradual cost trend rather than a sudden price shock.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bbc.com: https://www.bbc.com/news/business-63335371

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