# Yen Spikes Lower after BoJ, But No Follow Through Selling Yet - ActionForex

> The yen fell after the Bank of Japan allowed greater flexibility in 10-year JGB yields and added forward guidance on very low rates. The Canadian dollar weakened after reports that Canada was excluded from US-Mexico NAFTA talks. Markets awaited US consumer and inflation data.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/64283-yen-spikes-lower-after-boj-but-no-follow-through-selling-yet-actionforex
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

The policy shift drives currency moves, and the Canadian dollar's weakness on NAFTA exclusion could matter for Canadian canola and feed trade flows. Neither effect is large for feed prices.

## Read by commodity

- USDCAD: bullish ▲
- USDJPY: bullish ▲

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/117374-yen-spikes-lower-after-boj-but-no-follow-through-selling-yet/

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