# USD/JPY drifts lower ahead of Tokyo CPI and US PCE inflation report

> USD/JPY slipped below 147.00 as the dollar weakened on Fed independence concerns and expectations of a dovish policy shift after Chair Powell's Jackson Hole remarks. The US Q2 GDP second estimate was revised up to 3.3% and jobless claims fell to 229,000. The Dollar Index traded near 97.80.

- Date: 2025-08-28 · published 2025-08-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/23563-usd-jpy-drifts-lower-ahead-of-tokyo-cpi-and-us-pce-inflation-report
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar cuts the local-currency cost of US commodity imports for Japan and other buyers. The move is routine FX action with no direct impact on feed supply.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-29 | [USD/CAD drops to near 1.3460 as US Dollar edges lower ahead of inflation test — Octa](https://feedsoft.ai/events/29036-usd-cad-drops-to-near-1-3460-as-us-dollar-edges-lower-ahead-of-inflation-test.md) | +0.5% | -0.7% |
| DXY | 2022-11-10 | [USDMXN falls to lowest since March 2020 after US inflation and ahead of Banxico — Octa](https://feedsoft.ai/events/38893-usdmxn-falls-to-lowest-since-march-2020-after-us-inflation-and-ahead-of-banxico.md) | -1.6% | -2.8% |
| DXY | 2023-01-10 | [Dollar treads water near 7-month lows ahead of U.S. inflation data](https://feedsoft.ai/events/37697-dollar-treads-water-near-7-month-lows-ahead-of-u-s-inflation-data.md) | -0.8% | +0.2% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |
| DXY | 2024-05-31 | [Dollar Drops as Bond Yields Fall on Hopeful US Inflation Report](https://feedsoft.ai/events/30468-dollar-drops-as-bond-yields-fall-on-hopeful-us-inflation-report.md) | +0.3% | +1.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/usd-jpy-drifts-lower-ahead-of-tokyo-cpi-and-us-pce-inflation-report-202508281845

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