# The yen is now resurgent even as broad dollar strength persists - The Japan Times

> The yen jumped 1.3% to 128.34 per dollar after a two-month slide that took it to 131.35, its weakest in about two decades. Strategists say slowing China growth and expected damage from Fed rate hikes are reviving the yen's haven appeal.

- Date: 2022-05-13 · published 2022-05-13T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/41623-the-yen-is-now-resurgent-even-as-broad-dollar-strength-persists-the-japan-times
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer yen lowers the local cost of dollar-priced feed imports for Japan, though the effect on grain and meal prices is marginal.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- japantimes.co.jp: https://www.japantimes.co.jp/news/2022/05/13/business/yen-freefall-dollar-over/

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