# FOREX US dollar rallies on continued trade deal optimism; yen slumps | Reuters

> The dollar rallied against the yen on trade-deal optimism after the Bank of Japan cut growth forecasts on tariff concerns and held rates. USD/JPY rose 1.7% to 145.52, its largest daily gain since November 2024.

- Date: 2025-05-01 · published 2025-05-01T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/24914-forex-us-dollar-rallies-on-continued-trade-deal-optimism-yen-slumps-reuters
- 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 sharp dollar rally against the yen is a macro move that raises Japanese dollar import costs; the link to feed prices is indirect and the magnitude is modest for grain markets.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-05 | [More crowded US dollar trade ramps up expectations for euro parity: Reuters poll](https://feedsoft.ai/events/26273-more-crowded-us-dollar-trade-ramps-up-expectations-for-euro-parity-reuters-poll.md) | +0.3% | -1.3% |
| DXY | 2022-08-02 | [Dollar jumps vs yen as Fed officials hint more rate hikes coming \| Reuters](https://feedsoft.ai/events/40270-dollar-jumps-vs-yen-as-fed-officials-hint-more-rate-hikes-coming-reuters.md) | +0.4% | +1.7% |
| DXY | 2024-11-14 | [Dollar retains strength against peers on Trump trade \| Reuters](https://feedsoft.ai/events/11853-dollar-retains-strength-against-peers-on-trump-trade-reuters.md) | -0.1% | -0.0% |
| DXY | 2022-06-14 | [Dollar index jumps to two-decade high as traders await Fed rate move \| Reuters](https://feedsoft.ai/events/7709-dollar-index-jumps-to-two-decade-high-as-traders-await-fed-rate-move-reuters.md) | -0.4% | +1.8% |
| DXY | 2022-11-15 | [Dollar rebounds as Fed officials say hikes to continue; yen slumps - Markets - Business Recorder](https://feedsoft.ai/events/38941-dollar-rebounds-as-fed-officials-say-hikes-to-continue-yen-slumps-markets.md) | +1.0% | -1.3% |

## Sources

- reuters.com: https://www.reuters.com/world/africa/dollar-takes-breather-yen-waits-boj-2025-05-01/

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