# Yen extends rally to new seven-month high; dollar subdued ahead of CPI | Reuters

> The yen climbed to a seven-month high near 153.53 per dollar as traders unwound short positions on bets for a Bank of Japan rate hike. The dollar was subdued ahead of US CPI data, while oil traded near a six-week high on Iran retaliation threats.

- Date: 2026-09-08 · published 2026-09-08T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/17707-yen-extends-rally-to-new-seven-month-high-dollar-subdued-ahead-of-cpi-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger yen lowers the yen cost of dollar-priced feed ingredients for Japanese buyers, while the oil rally adds energy and freight cost pressure across feed supply chains.

## Read by commodity

- WTI: bullish ▲
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | +12.5% | +19.3% |
| WTI | 2021-03-08 | [VEGOILS-Palm oil rises nearly 4% to two-month high as crude, soyoil rally By Reuters](https://feedsoft.ai/events/6562-vegoils-palm-oil-rises-nearly-4-to-two-month-high-as-crude-soyoil-rally-by.md) | -0.7% | -11.2% |
| WTI | 2024-08-26 | [Canadian dollar strengthens to 5-month high as oil rallies](https://feedsoft.ai/events/29033-canadian-dollar-strengthens-to-5-month-high-as-oil-rallies.md) | -1.7% | -5.9% |
| WTI | 2023-09-18 | [Canadian dollar hits 1-month high ahead of inflation data](https://feedsoft.ai/events/34337-canadian-dollar-hits-1-month-high-ahead-of-inflation-data.md) | -0.9% | -3.5% |
| WTI | 2016-12-01 | [Dollar climbs to 9-1/2-month high vs yen on oil, Mnuchin](https://feedsoft.ai/events/73709-dollar-climbs-to-9-1-2-month-high-vs-yen-on-oil-mnuchin.md) | +0.8% | +8.8% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/yen-extends-rally-new-seven-month-high-dollar-subdued-ahead-cpi-2026-09-08/

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