# Japanese Yen: Structural Outflows and Intervention Watch – MUFG

> MUFG's Derek Halpenny says the yen remains under pressure from structural portfolio and FDI outflows, including NISA-driven foreign equity buying. He suggests USD/JPY may be near a turning point as rate spreads eventually support the yen.

- Date: 2026-11-04 · published 2026-11-05T00:09:30.539Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/80686-japanese-yen-structural-outflows-and-intervention-watch-mufg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Structural yen weakness is a currency-flow view with no direct effect on feed supply or grain and oilseed prices.

## Read by commodity

- USDJPY: neutral

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japanese-yen-structural-outflows-and-intervention-watch-mufg-202611041143

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