# Yen selling continues despite positive real interest rates - Nikkei Asia

> Downward pressure on the yen is growing, with the currency touching 115 per dollar, a four-year low. Nikkei calculates the actual exchange rate sits 9.6 yen below its theoretical value, based on Japan's economic strength relative to other countries. Selling continues even though real interest rates are positive.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/44278-yen-selling-continues-despite-positive-real-interest-rates-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The persistent gap between the actual and theoretical yen rate suggests continued currency-driven import cost pressure for Japanese feed buyers.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/spotlight/datawatch/yen-selling-continues-despite-positive-real-interest-rates

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