# JPY/USD: Yen at New Two-Decade Low as Interest-Rate Gap with US Widens - Bloomberg

> The yen fell as much as 0.8% to 132.96 per dollar, its lowest since April 2002, as the yield gap between Japan and the US widened with US Treasury yields above 3%. The move also weakened the yen against the euro and Australian dollar, adding pressure on the Japanese government.

- Date: 2022-06-06 · published 2022-06-06T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/41184-jpy-usd-yen-at-new-two-decade-low-as-interest-rate-gap-with-us-widens-bloomberg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A wider rate gap draws capital to dollar assets and lifts the cost of dollar-priced feed imports into Japan, supporting higher local feed costs.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-06-06/yen-at-new-two-decade-low-as-interest-rate-gap-with-us-widens

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