# Japanese yen may strengthen as dollar weakens: Morgan Stanley and ING

> Morgan Stanley and ING analysts expect the Japanese yen to strengthen further as the US dollar weakens, with Morgan Stanley forecasting 101 yen per dollar by the fourth quarter from 112.64 at the start of 2018. The yen has risen about 4.73% since January 1, and the dollar has lost its safe-haven appeal. An IHS Markit economist warned that sustained yen strength could prompt verbal intervention from Japanese policymakers.

- Date: 2018-02-28 · published 2018-02-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66740-japanese-yen-may-strengthen-as-dollar-weakens-morgan-stanley-and-ing
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker dollar generally supports dollar-priced commodities such as grains and oilseeds, so continued dollar weakness is a mild bullish factor for feed prices. Yen strength would also affect Japanese feed import costs.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-03-20 | [Dollar weakens after Fed meeting, yen strengthens](https://feedsoft.ai/events/31389-dollar-weakens-after-fed-meeting-yen-strengthens.md) | +0.1% | +1.8% |
| DXY | 2025-06-30 | [Japanese Yen Strengthens as Dollar Languishes — TradingView News](https://feedsoft.ai/events/24462-japanese-yen-strengthens-as-dollar-languishes-tradingview-news.md) | -0.0% | +0.8% |
| DXY | 2018-02-08 | [Japanese Yen Strengthens Versus Dollar As Equity Benchmarks Sell Off -- MarketWatch - WSJ](https://feedsoft.ai/events/66742-japanese-yen-strengthens-versus-dollar-as-equity-benchmarks-sell-off.md) | -0.2% | +0.2% |
| DXY | 2025-11-26 | [South African rand strengthens as downbeat US data weakens dollar \| CNBC Africa](https://feedsoft.ai/events/22251-south-african-rand-strengthens-as-downbeat-us-data-weakens-dollar-cnbc-africa.md) | -0.7% | -1.8% |
| DXY | 2025-12-01 | [Yen to Strengthen 10% in Coming Months on US Rate Cuts, Morgan Stanley Says](https://feedsoft.ai/events/22190-yen-to-strengthen-10-in-coming-months-on-us-rate-cuts-morgan-stanley-says.md) | -0.3% | -1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/02/27/japanese-yen-may-strengthen-as-dollar-weakens-morgan-stanley-and-ing.html

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