# JPY: Japan real yields falling relative to the US - MUFG — Octa

> MUFG analysts argued that the scope for yen depreciation is limited because nominal yield spreads have been an unreliable driver of USD/JPY. They pointed to a rise in Japanese real yield spreads and a recent correction in Japanese equities as factors affecting the pair.

- Date: 2017-11-21 · published 2017-11-21T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/68212-jpy-japan-real-yields-falling-relative-to-the-us-mufg-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

This is analytical FX commentary on the drivers of the yen, with no direct effect on feed supply or demand. Its relevance to feed prices is indirect, through currency-driven import costs.

## Read by commodity

- USDJPY: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/513102/

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