# Japan yen won't strengthen sharply unless there's negative shock: Nikko Asset Management

> Nikko Asset Management's John Vail said the yen is unlikely to strengthen sharply toward 100 per dollar without a negative shock. The yen traded near 104.70 per dollar, and Vail cited Japanese officials' opposition to a stronger currency.

- Date: 2020-10-27 · published 2020-10-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/50867-japan-yen-won-t-strengthen-sharply-unless-there-s-negative-shock-nikko-asset
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stable yen near 104-106 limits currency-driven swings in Japanese import demand for US feed ingredients. Feed buyers have little price impact to expect unless a shock moves the exchange rate.

## Read by commodity

- USDJPY: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2020/10/27/japan-yen-wont-strengthen-sharply-unless-theres-negative-shock-nikko-asset-management.html

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