# Dollar falls against yen, US data leaves rate cut hopes intact | Reuters

> The dollar fell about 0.8% against the yen to 152.18 after the Bank of Japan took a less dovish tone than expected. The euro edged up 0.04% to $1.0859 as euro zone inflation accelerated more than expected in October.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/28067-dollar-falls-against-yen-us-data-leaves-rate-cut-hopes-intact-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Currency moves shift the relative cost of US and foreign commodity supplies and can influence export competitiveness for grains and meals, though the effect on feed prices is modest here.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-29 | [US dollar dives to 7-week low against yen on Fed rate cut hint \| Malay Mail](https://feedsoft.ai/events/54819-us-dollar-dives-to-7-week-low-against-yen-on-fed-rate-cut-hint-malay-mail.md) | -0.8% | +4.0% |
| DXY | 2025-11-25 | [US dollar slumps as data backs Fed rate cut view; traders on yen alert \| Reuters](https://feedsoft.ai/events/21876-us-dollar-slumps-as-data-backs-fed-rate-cut-view-traders-on-yen-alert-reuters.md) | -0.6% | -1.8% |
| DXY | 2024-09-26 | [Dollar drops as data boost fades; Swiss franc gains following rate cut \| Reuters](https://feedsoft.ai/events/28506-dollar-drops-as-data-boost-fades-swiss-franc-gains-following-rate-cut-reuters.md) | +0.1% | +2.5% |
| DXY | 2026-07-31 | [Dollar slips against yen as intervention risks drag \| Reuters](https://feedsoft.ai/events/18579-dollar-slips-against-yen-as-intervention-risks-drag-reuters.md) | -0.1% | -1.1% |
| DXY | 2023-12-28 | [Dollar falls against yen, gains on euro in choppy trading](https://feedsoft.ai/events/32900-dollar-falls-against-yen-gains-on-euro-in-choppy-trading.md) | +1.0% | +1.8% |
| EURUSD | 2022-12-15 | [Sterling falls against dollar and euro on 'dovish' UK rate hike](https://feedsoft.ai/events/38477-sterling-falls-against-dollar-and-euro-on-dovish-uk-rate-hike.md) | -0.5% | +1.5% |
| EURUSD | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | -0.9% | +1.0% |
| EURUSD | 2025-11-06 | [Dollar weakens amid soft labor US data \| Reuters](https://feedsoft.ai/events/22157-dollar-weakens-amid-soft-labor-us-data-reuters.md) | +1.4% | +1.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yen-struggles-before-boj-decision-dollar-stalls-ahead-jobs-data-2024-10-31/

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