# Yen extends recovery on US government shutdown risks

> The yen rose in Asian trading as the dollar was defensive ahead of a possible US government shutdown. A split on the Bank of Japan board raised the chance of a rate hike in October, with markets pricing roughly a 50% probability.

- Date: 2025-09-29 · published 2025-09-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/23127-yen-extends-recovery-on-us-government-shutdown-risks
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency swings of this size shift the relative cost of US and Japanese purchases of feed inputs, but they have a limited direct effect on feed commodity prices.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-29 | [Ringgit ends higher against US dollar on US government shutdown fears \| The Star](https://feedsoft.ai/events/23158-ringgit-ends-higher-against-us-dollar-on-us-government-shutdown-fears-the-star.md) | -0.3% | +0.3% |
| DXY | 2024-08-01 | [Gold extends record rally on Fed rate-cut bets, softer dollar](https://feedsoft.ai/events/29144-gold-extends-record-rally-on-fed-rate-cut-bets-softer-dollar.md) | -0.1% | -1.4% |
| DXY | 2019-10-31 | [Yen Jumps on Renewed US-China Trade Concerns, Dollar Extends Post FOMC Selloff - ActionForex](https://feedsoft.ai/events/56808-yen-jumps-on-renewed-us-china-trade-concerns-dollar-extends-post-fomc-selloff.md) | -0.1% | +0.8% |
| DXY | 2018-01-25 | [Impact of US Shutdown towards Indonesian Economy - ObserverID \| Independent English News & Analysis on Indonesia](https://feedsoft.ai/events/67285-impact-of-us-shutdown-towards-indonesian-economy-observerid-independent-english.md) | -0.3% | +0.7% |
| DXY | 2024-10-11 | [Gold extends gains over 1% as US PPI data solidifies rate cut hopes](https://feedsoft.ai/events/27756-gold-extends-gains-over-1-as-us-ppi-data-solidifies-rate-cut-hopes.md) | +0.7% | +2.0% |

## Sources

- economies.com: https://www.economies.com/forex/usd-jpy-news/yen-extends-recovery-on-us-government-shutdown-risks-47428

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