# Govt panel member says BOJ's yield cap causing 'negative spiral' of yen falls | Reuters

> A Japanese government panel member said the Bank of Japan's yield cap is driving a negative spiral in the yen. The yen hit a 24-year low of 136.71 per dollar on Wednesday before recovering to about 135.46 on Thursday.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/41178-govt-panel-member-says-boj-s-yield-cap-causing-negative-spiral-of-yen-falls
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen makes dollar-priced feed imports more expensive for Japan and raises domestic feed costs, while the currency gap is a macro pressure on import-dependent buyers.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/govt-panel-member-says-bojs-yield-cap-causing-negative-spiral-yen-falls-2022-06-23/

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