# Yen wallows as Omicron fears ease and rate hikes loom | Reuters

> The yen weakened against the Swiss franc and Aussie as US and UK rate hike bets firmed and Omicron-driven inflation fears rose. Analysts flagged the 118.60 dollar/yen high from 2017 as a possible next target.

- Date: 2022-01-05 · published 2022-01-05T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/43366-yen-wallows-as-omicron-fears-ease-and-rate-hikes-loom-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness driven by widening rate differentials raises the yen cost of dollar-priced feed imports into Japan, supporting higher landed costs for corn, meal and other feed ingredients.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/us/yen-wallows-omicron-fears-ease-rate-hikes-loom-2022-01-05/

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