# Yen falls as Japan's negative rates expected to persist | Reuters

> The Japanese yen weakened against the dollar for a second day on Monday, giving back most of its prior-week rally. The rally had followed BOJ Governor Ueda's comments on exiting negative rates, which traders judged not to be a concrete commitment. Investors were also awaiting US inflation data and three major central bank meetings.

- Date: 2023-12-11 · published 2023-12-11T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/6454-yen-falls-as-japan-s-negative-rates-expected-to-persist-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen makes dollar-priced imports such as feed ingredients more expensive for Japanese buyers, while expectations of continued ultra-loose policy keep the yen under pressure.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2023/12/11/dollar-steady-with-us-inflation-fed-meeting-eyed-yuan-heavy.html
- reuters.com: https://www.reuters.com/markets/currencies/dollar-steady-with-us-inflation-fed-meeting-eyed-yuan-heavy-2023-12-11/

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