# USD/JPY strengthens to near 149.50 as US PCE data reinforces Fed dovish bets

> USD/JPY traded near 149.50 after US PCE data for August matched expectations, with headline PCE at 2.7% year on year and core at 2.9%. The data kept markets expecting further Federal Reserve rate cuts this year, while political uncertainty in Japan weighed on the yen.

- Date: 2025-09-28 · published 2025-09-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/23130-usd-jpy-strengthens-to-near-149-50-as-us-pce-data-reinforces-fed-dovish-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of Fed easing shape the dollar's direction, and a weaker dollar generally supports US commodity export prices, including feed grains.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-11-25 | [EUR/USD Forecast: Advances as US data, dovish Fed signal rate cut](https://feedsoft.ai/events/22154-eur-usd-forecast-advances-as-us-data-dovish-fed-signal-rate-cut.md) | -0.6% | -1.8% |
| DXY | 2023-12-22 | [Peso strengthens to best rate against the US dollar since August](https://feedsoft.ai/events/32933-peso-strengthens-to-best-rate-against-the-us-dollar-since-august.md) | -0.8% | +1.5% |
| DXY | 2023-08-31 | [USD/JPY remains depressed near 146.00, eyes US PCE Price Index for fresh impetus — Octa](https://feedsoft.ai/events/34827-usd-jpy-remains-depressed-near-146-00-eyes-us-pce-price-index-for-fresh-impetus.md) | +1.8% | +2.3% |
| DXY | 2025-07-05 | [Colombian Peso Strengthens as US Dollar Continues to Decline](https://feedsoft.ai/events/24064-colombian-peso-strengthens-as-us-dollar-continues-to-decline.md) | +0.6% | +1.7% |
| DXY | 2025-08-29 | [Dollar Slips as PCE Data Meets Forecasts, Fed Cut Bets Build](https://feedsoft.ai/events/23512-dollar-slips-as-pce-data-meets-forecasts-fed-cut-bets-build.md) | -0.1% | +0.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-jpy-softens-to-near-14950-as-us-pce-data-reinforces-fed-dovish-bets-202509282307

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