# Yen hit by US yields and stock market rally - Scotiabank — Octa

> Scotiabank said the yen weakened as US-Japan 10-year yield spreads widened by about 12bps to roughly 230bps in the dollar's favour. Stronger equity markets also reduced demand for the yen as a safe haven. The BoJ was expected to keep its ultra-loose policy at its meeting that week.

- Date: 2017-04-25 · published 2017-04-25T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/71721-yen-hit-by-us-yields-and-stock-market-rally-scotiabank-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen against the dollar makes Japanese-linked trade and feed-import costs in dollar terms move, but the impact on grain and feed prices is indirect. The move reflects currency and rate dynamics rather than any change in feed supply or demand.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/434597/

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