# Japan, US to communicate closely on FX as yen hits 6-year low | Reuters

> Japan and the US agreed to communicate closely on foreign exchange as the yen fell to a six-year low of 125.10 per dollar on Monday. The yen has lost nearly 7% against the dollar so far this year.

- Date: 2022-03-29 · published 2022-03-29T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/42477-japan-us-to-communicate-closely-on-fx-as-yen-hits-6-year-low-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Possible coordinated FX intervention could strengthen the yen and ease import costs for Japanese feed buyers. Without action, continued yen weakness keeps dollar-denominated grain and meal more expensive in yen terms.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/japan-policymakers-warn-against-rapid-yen-weakening-2022-03-29/

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