# Interbank yen rates spike amid US Treasurys sell-off - Nikkei Asia

> The Tokyo interbank rate used for short-term yen financing jumped to its highest level in months. The rise followed fading expectations of a Bank of Japan rate cut and higher long-term US Treasury yields.

- Date: 2016-12-23 · published 2016-12-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/73702-interbank-yen-rates-spike-amid-us-treasurys-sell-off-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Higher yen funding costs tighten conditions for Japanese and regional borrowers and can support the yen against the dollar. The effect on feed commodity prices is indirect.

## Read by commodity

- USDJPY: neutral

## Sources

- asia.nikkei.com: https://asia.nikkei.com/nar/articles/interbank-yen-rates-spike-amid-us-treasurys-sell-off

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