# Yen falls off two-month high for fourth straight day in Asia

> On August 24, 2018, the yen fell for a fourth straight session against the dollar, with USD/JPY near 111.38, as investors awaited Fed Chair Powell's Jackson Hole speech. Japanese July CPI rose 0.9% year on year but came in below forecasts.

- Date: 2018-08-24 · published 2018-08-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/63764-yen-falls-off-two-month-high-for-fourth-straight-day-in-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The move reflects Fed policy expectations and Japanese inflation data rather than agricultural supply. Dollar strength of this size has only a modest indirect effect on US feed export competitiveness.

## Sources

- economies.com: https://www.economies.com/forex/usd-jpy-news/yen-falls-off-two-month-high-for-fourth-straight-day-in-asia-24199

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