# Yen holds gains vs US dollar ahead of tariff announcement

> The yen rose against the dollar after weak US manufacturing and labor market data. Traders positioned ahead of tariff announcements from the Trump administration scheduled for the following day.

- Date: 2025-03-31 · published 2025-03-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/25370-yen-holds-gains-vs-us-dollar-ahead-of-tariff-announcement
- 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 tends to support dollar-priced feed commodities, but the main driver here is macro data and tariff anticipation rather than a direct grain supply change.

## Read by commodity

- DXY: bearish ▼
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-05-01 | [Dollar falls broadly ahead of US data, tariff uncertainty](https://feedsoft.ai/events/25322-dollar-falls-broadly-ahead-of-us-data-tariff-uncertainty.md) | -0.4% | -0.8% |
| DXY | 2023-11-21 | [Gold marches ahead to the beat of a weaker US dollar](https://feedsoft.ai/events/33074-gold-marches-ahead-to-the-beat-of-a-weaker-us-dollar.md) | -0.6% | -0.7% |
| DXY | 2018-07-31 | [Yen strengthens against dollar ahead of BoJ decision - The HinduBusinessLine](https://feedsoft.ai/events/64285-yen-strengthens-against-dollar-ahead-of-boj-decision-the-hindubusinessline.md) | +0.6% | +0.6% |
| DXY | 2025-04-30 | [Aussie dollar gains on weak US GDP - OFX](https://feedsoft.ai/events/25405-aussie-dollar-gains-on-weak-us-gdp-ofx.md) | -0.5% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-steady-ahead-trumps-reciprocal-tariffs-aussie-soft-before-rba-2025-04-01/
- reuters.com: https://www.reuters.com/markets/currencies/yen-gains-gold-record-high-tariff-angst-ignites-haven-demand-2025-03-31/

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