# USDJPY: Softer USD frustrates elevated short yen speculative positions - MUFG — Octa

> USD/JPY fell last week as the yen rallied, with speculators unwinding short yen positions. MUFG's Takahiro Sekido said exporter and investor yen buying weighed on the pair, and expectations for Bank of Japan yield normalization supported the currency.

- Date: 2017-11-27 · published 2017-11-27T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/68205-usdjpy-softer-usd-frustrates-elevated-short-yen-speculative-positions-mufg-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

This is currency positioning with no direct link to feed grains or protein. The effect on feed prices is indirect, through a firmer yen and a softer dollar that can ease import costs for Japan.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/514883/

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