# Steep oil and sunken yields flash more weakness for Japan's yen

> The yen breached 120 per dollar for the first time in six years, extending a 4.5% fall in under three weeks. Oil prices jumped and Japan's trade deficit widened sharply on high energy costs linked to the war in Ukraine.

- Date: 2022-03-22 · published 2022-03-22T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/42481-steep-oil-and-sunken-yields-flash-more-weakness-for-japan-s-yen
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher energy prices widen Japan's trade deficit and push the yen lower, raising the yen cost of imported feed. The combined oil and FX move compounds input cost pressure for Japanese buyers.

## Read by commodity

- BRENT: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-30 | [South Korean Won Weakens to 1,480s as Oil Surges and Fed Turns More Hawkish \| Aju Press](https://feedsoft.ai/events/19955-south-korean-won-weakens-to-1-480s-as-oil-surges-and-fed-turns-more-hawkish-aju.md) | -15.3% | -21.9% |
| BRENT | 2018-05-22 | [Strange divergence in gold and oil could spell more gains for stocks](https://feedsoft.ai/events/64946-strange-divergence-in-gold-and-oil-could-spell-more-gains-for-stocks.md) | -4.9% | -4.8% |
| BRENT | 2026-04-30 | [Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7% \| Markets News - Business Standard](https://feedsoft.ai/events/20011-rupee-hits-fresh-low-past-95-as-oil-surge-pushes-bond-yields-above-7-markets.md) | -15.3% | -21.9% |
| BRENT | 2024-04-25 | [Oil Futures Up, Shake Off Weakness Spurred by GDP Surprise](https://feedsoft.ai/events/30914-oil-futures-up-shake-off-weakness-spurred-by-gdp-surprise.md) | -5.7% | -8.6% |
| BRENT | 2026-03-17 | [USD/THB: BofA raises Thailand baht forecast on oil shock, tourism weakness By Investing.com](https://feedsoft.ai/events/20444-usd-thb-bofa-raises-thailand-baht-forecast-on-oil-shock-tourism-weakness-by.md) | +1.2% | +5.4% |

## Sources

- reuters.com: https://www.reuters.com/business/steep-oil-sunken-yields-flash-more-weakness-japans-yen-2022-03-22/

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