# Yen slides to 139 level on policy comment by Fed's Powell - Nikkei Asia

> The yen weakened to around 139 per dollar on Monday after Fed Chair Powell signalled that rate hikes would continue. Investors bet on a widening interest rate gap between Japan and the US.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/40266-yen-slides-to-139-level-on-policy-comment-by-fed-s-powell-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a wider rate gap strengthen the dollar against the yen, which tends to lift dollar-denominated feed costs for yen-based buyers.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-20 | [Yen's lost decades: Japanese buying power sinks to near 50-year low - Nikkei Asia](https://feedsoft.ai/events/43368-yen-s-lost-decades-japanese-buying-power-sinks-to-near-50-year-low-nikkei-asia.md) | +0.4% | +0.1% |
| DXY | 2019-05-01 | [Dollar rises as Fed's Powell cools bets on rate-cut](https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut.md) | +0.2% | +1.1% |
| DXY | 2023-08-28 | [Yen weakens against dollar following Powell's Jackson Hole remarks - Nikkei Asia](https://feedsoft.ai/events/34822-yen-weakens-against-dollar-following-powell-s-jackson-hole-remarks-nikkei-asia.md) | +0.2% | +1.3% |
| DXY | 2022-04-19 | [U.S. dollar rockets to 20-year peak vs yen on Fed, BOJ policy difference](https://feedsoft.ai/events/42035-u-s-dollar-rockets-to-20-year-peak-vs-yen-on-fed-boj-policy-difference.md) | +1.5% | +3.3% |
| DXY | 2023-09-24 | [Yen intervention watch redoubles after Fed, BOJ meetings - Nikkei Asia](https://feedsoft.ai/events/34350-yen-intervention-watch-redoubles-after-fed-boj-meetings-nikkei-asia.md) | +0.6% | +1.4% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-slides-to-139-level-on-policy-comment-by-fed-s-powell

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