# USD Rebound May Continue in the Short Term | Citi Wealth Insights

> The dollar rebounded after U.S. payrolls rose by 200,000 in January, above consensus, and wage growth reached 2.9% year over year. The Bank of Japan unexpectedly offered unlimited purchases of 10-year JGBs, sending USD/JPY up to 110.15, and Congress moved to extend the funding resolution.

- Date: 2018-02-05 · published 2018-02-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12002-usd-rebound-may-continue-in-the-short-term-citi-wealth-insights
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar and a weaker yen can reduce import demand from Japan and lower dollar-denominated commodity prices. Short-term USD strength is a modest headwind for U.S. export prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- USDJPY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2018-02-08 | 5 | +1.7% | 3.1 | Above-consensus payrolls, wage growth and the BoJ's unlimited JGB purchase operation pushed USD/JPY higher and drove the dollar rebound. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-03-07 | [The USD/VND rate may continue to rise](https://feedsoft.ai/events/42562-the-usd-vnd-rate-may-continue-to-rise.md) | +0.3% | -1.0% |
| DXY | 2020-07-31 | [USD/JPY is in the middle of big reversal as Treasury yields rebound](https://feedsoft.ai/events/52344-usd-jpy-is-in-the-middle-of-big-reversal-as-treasury-yields-rebound.md) | -0.3% | -0.6% |
| DXY | 2024-03-19 | [The US dollar could be undervalued if commodities continue to rip higher](https://feedsoft.ai/events/31106-the-us-dollar-could-be-undervalued-if-commodities-continue-to-rip-higher.md) | +0.4% | +1.5% |
| DXY | 2022-07-28 | [TD Economics - Market Insights: I Feel the Need, the Need for Speed](https://feedsoft.ai/events/40720-td-economics-market-insights-i-feel-the-need-the-need-for-speed.md) | -0.3% | +0.2% |
| DXY | 2022-07-01 | [Why has the dollar been so strong – and can it continue?](https://feedsoft.ai/events/40856-why-has-the-dollar-been-so-strong-and-can-it-continue.md) | +1.2% | +0.7% |
| EURUSD | 2022-07-01 | [Why has the dollar been so strong – and can it continue?](https://feedsoft.ai/events/40856-why-has-the-dollar-been-so-strong-and-can-it-continue.md) | -2.8% | -2.6% |
| EURUSD | 2019-09-24 | [Rates In US Continue To Put Upwards Pressure On The US Dollar \| Exchange Rates UK](https://feedsoft.ai/events/57274-rates-in-us-continue-to-put-upwards-pressure-on-the-us-dollar-exchange-rates-uk.md) | -0.8% | +1.3% |
| EURUSD | 2026-06-19 | [EUR/USD Loses Ground as Market Sentiment Favours the US Dollar \| Investing.com](https://feedsoft.ai/events/11516-eur-usd-loses-ground-as-market-sentiment-favours-the-us-dollar-investing-com.md) | -0.6% | -0.5% |

## Sources

- asia.citi.com: https://asia.citi.com/wealthinsights/usd-rebound-may-continue-short-term

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