# Yen's past points to more pain ahead

> Analysts note the yen's weakness reflects the Bank of Japan's reluctance to follow other central banks, widening the bond yield gap. Soaring energy import costs have pushed Japan's trade balance into deficit.

- Date: 2022-04-20 · published 2022-04-20T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/42073-yen-s-past-points-to-more-pain-ahead
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Persistent yen weakness and an energy-driven trade deficit point to continued pressure on Japanese import costs and a firm dollar, which weighs on dollar-priced commodity demand from Japan.

## Read by commodity

- BRENT: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-11-01 | [A tough road ahead for India's battered rupee: Reuters poll](https://feedsoft.ai/events/62322-a-tough-road-ahead-for-india-s-battered-rupee-reuters-poll.md) | -5.4% | -22.3% |
| BRENT | 2026-08-01 | [Baht set to decline again amid Mideast war](https://feedsoft.ai/events/18616-baht-set-to-decline-again-amid-mideast-war.md) | -7.4% | -3.1% |
| BRENT | 2022-03-22 | [Steep oil and sunken yields flash more weakness for Japan's yen](https://feedsoft.ai/events/42481-steep-oil-and-sunken-yields-flash-more-weakness-for-japan-s-yen.md) | -4.6% | -10.5% |
| BRENT | 2017-02-02 | [No joy from the Fed: What you need to know before markets open - Financial Post](https://feedsoft.ai/events/72400-no-joy-from-the-fed-what-you-need-to-know-before-markets-open-financial-post.md) | -1.7% | -0.1% |
| BRENT | 2023-06-28 | [Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes \| Reuters](https://feedsoft.ai/events/35413-nasdaq-ends-up-dollar-strengthens-as-powell-hints-at-more-rate-hikes-reuters.md) | +4.7% | +15.9% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/yens-past-points-more-pain-ahead-2022-04-20/

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