# Undervalued Yen In Spotlight as Stock Rout Helps 2021’s Laggard - Bloomberg

> Options traders are hedging against yen strength, based on risk reversal skews, as the yen has gained about 1% year-to-date on a spot basis. Higher U.S. bond yields typically weigh on the currency, but that headwind appears to have eased somewhat.

- Date: 2022-01-24 · published 2022-01-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/43363-undervalued-yen-in-spotlight-as-stock-rout-helps-2021-s-laggard-bloomberg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer yen against the dollar lowers the dollar cost of yen-denominated purchases and shifts the currency backdrop for feed importers in Japan; the effect on grain and meal prices is marginal.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-01-24/undervalued-yen-in-spotlight-as-stock-rout-helps-2021-s-laggard

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