# Undervalued Yen Could Benefit If US Yields Hit A Peak | Exchange Rates UK

> USD/JPY climbed to 113.50 and EUR/JPY broke above its long-running range after the Bank of Japan kept its policy unchanged with no hawkish signals. Core inflation was around 0.2%, and rising US yields were cited as the main pressure on the yen.

- Date: 2017-12-23 · published 2017-12-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/67701-undervalued-yen-could-benefit-if-us-yields-hit-a-peak-exchange-rates-uk
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness and rising US yields reinforce a firmer dollar, which can make US feed exports relatively cheaper for yen buyers but raise dollar-priced import costs elsewhere. The impact on grain prices is limited.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/20046/undervalued-yen-could-benefit-if-us-yields-hit-a-peak.html

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