# Japan warns against 'rapid' yen rises - Markets - Business Recorder

> Japanese Finance Minister Taro Aso called the yen's recent rise 'rapid' and said he is closely monitoring it. The dollar hit a 4.5-month low of 104.52 yen on Friday and has lost 3.1% this month.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/52342-japan-warns-against-rapid-yen-rises-markets-business-recorder
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen erodes the competitiveness of Japan's export-led economy and can prompt intervention, adding currency volatility to dollar-denominated feed commodity trade with Japanese buyers.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40009323

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