# Yen briefly dips into 137-range against dollar for fresh 24-year low - Nikkei Asia

> The yen briefly fell into the 137-per-dollar range on June 29, its weakest level since September 1998. The decline reflects divergence between Fed rate hikes and the Bank of Japan's ultra-loose policy.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/41180-yen-briefly-dips-into-137-range-against-dollar-for-fresh-24-year-low-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen raises the yen cost of dollar-denominated feed grain and meal imports into Japan, supporting higher domestic feed prices.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-briefly-dips-into-137-range-against-dollar-for-fresh-24-year-low

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