# Yen weakens to 111 per dollar as US Treasury yields soar | INTERNATIONAL ECONOMY NEWS - Business Standard

> USD/JPY pulled back to 111.48 on Thursday, down 0.41% on the day, after six straight losing sessions for the yen. The pair had traded above 112 on Wednesday for the first time since February. Japanese retail sales fell 3.2% year on year in August and industrial production fell 3.2% month on month.

- Date: 2021-09-28 · published 2021-09-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/45305-yen-weakens-to-111-per-dollar-as-us-treasury-yields-soar-international-economy
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Weak Japanese demand data point to softer domestic consumption and industrial output, which can reduce feed demand from Japanese livestock and processing sectors. The yen's partial recovery eases import costs only slightly.

## Read by commodity

- USDJPY: neutral

## Sources

- business-standard.com: https://www.business-standard.com/article/international/yen-weakens-to-111-per-dollar-as-us-treasury-yields-soar-121092800101_1.html

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