# Dollar weakens after inflation data, Yen surges on Ishiba win

> The yen strengthened about 1.9% to 142.12 per dollar after Shigeru Ishiba won the Japanese ruling party leadership contest narrowly. Ishiba, a critic of past monetary stimulus, said the central bank was on the right policy track with rate hikes so far. The dollar was also down for the week against the yen.

- Date: 2024-10-01 · published 2024-10-01T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/28538-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win
- 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 yen and weaker dollar shift the USD/JPY rate that affects Japanese import costs and the dollar value of Japan-linked demand; for feed buyers the direct grain impact is limited, so the move is a minor macro signal for dollar-denominated commodity pricing.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-09-27 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28544-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win.md) | +0.9% | +2.9% |
| DXY | 2026-07-30 | [Gold rises on weaker U.S. dollar, soft inflation data](https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data.md) | -1.2% | -1.9% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |
| DXY | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2024-06-28 | [US dollar slightly weaker on diminishing inflation](https://feedsoft.ai/events/29962-us-dollar-slightly-weaker-on-diminishing-inflation.md) | -0.7% | -0.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-drifts-risk-sensitive-currencies-lifted-by-china-optimism-2024-09-27/

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