# Japanese Yen drops to fresh daily low; USD/JPY approaches 155.00 ahead of US PMIs

> USD/JPY moved toward 155.00 as the yen weakened after a brief uptick on Japanese CPI data. Rising US Treasury yields and expectations for Trump-era policies supported the dollar, and the pair bounced more than 80 pips from below 154.00.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/27640-japanese-yen-drops-to-fresh-daily-low-usd-jpy-approaches-155-00-ahead-of-us-pmis
- 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 stronger dollar against the yen tends to weigh on dollar-priced commodities and can make US grain and feed exports relatively more expensive for Japanese buyers.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-11-16 | [Asian Open: USD/JPY Hits a 3-Year High Ahead of Japan’s Trade Data](https://feedsoft.ai/events/44281-asian-open-usd-jpy-hits-a-3-year-high-ahead-of-japan-s-trade-data.md) | +0.9% | +1.4% |
| DXY | 2021-09-30 | [USD/JPY touches multi-year high near 112.00 ahead of US GDP, stronger USD — Octa](https://feedsoft.ai/events/45301-usd-jpy-touches-multi-year-high-near-112-00-ahead-of-us-gdp-stronger-usd-octa.md) | +0.0% | -1.1% |
| DXY | 2021-05-28 | [USD/JPY set to retest 110 ahead of US data — Octa](https://feedsoft.ai/events/47355-usd-jpy-set-to-retest-110-ahead-of-us-data-octa.md) | -0.1% | +1.0% |
| DXY | 2022-08-31 | [Yen JPY USD Falls to 24-Year Low as US-Japan Policy Gap Weighs - Bloomberg](https://feedsoft.ai/events/40265-yen-jpy-usd-falls-to-24-year-low-as-us-japan-policy-gap-weighs-bloomberg.md) | +0.9% | +3.6% |
| DXY | 2025-07-31 | [US Dollar Index trades near 100.00, inches lower ahead of PCE inflation data](https://feedsoft.ai/events/23956-us-dollar-index-trades-near-100-00-inches-lower-ahead-of-pce-inflation-data.md) | -0.7% | -0.6% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japanese-yen-fails-to-build-on-stronger-cpi-led-intraday-uptick-against-usd-202411220227

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