# Why is the yen roaring ahead, and is its rise sustainable? | Lombard Odier

> Lombard Odier says USDJPY fell about 5% over three months, mostly in December, as risk aversion drove investors into safe-haven assets. The bank views the move as broadly in line with its expectations, though it happened faster than expected. It remains medium-term bearish on the dollar, citing the yen's undervaluation and a mature U.S. cycle.

- Date: 2019-01-10 · published 2019-01-10T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61339-why-is-the-yen-roaring-ahead-and-is-its-rise-sustainable-lombard-odier
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker dollar view supports dollar-priced commodities over the medium term, while near-term consolidation could limit price moves. Yen strength also affects import costs for Japanese feed buyers.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- lombardodier.com: https://www.lombardodier.com/contents/corporate-news/investment-insights/2019/january/why-is-the-yen-roaring-ahead-and.html

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