# Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes | Reuters

> The dollar strengthened against the yen to its highest level in two weeks after the Bank of Japan kept interest rates unchanged and signaled it was in no hurry to raise them again. The move followed the BOJ's cautious stance on further hikes.

- Date: 2024-09-20 · published 2024-09-20T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/28541-dollar-strengthens-versus-yen-as-boj-strikes-cautious-stance-on-rate-hikes
- 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 BOJ pause supports a firmer dollar against the yen, a modest macro headwind for dollar-priced commodities, with little direct effect on feed supply or demand.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| DXY | 2023-06-28 | [Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes \| Reuters](https://feedsoft.ai/events/35413-nasdaq-ends-up-dollar-strengthens-as-powell-hints-at-more-rate-hikes-reuters.md) | +0.4% | -1.0% |
| DXY | 2021-11-25 | [Asian stocks fall on dollar strength, Bank of Korea hikes rates \| Reuters](https://feedsoft.ai/events/44286-asian-stocks-fall-on-dollar-strength-bank-of-korea-hikes-rates-reuters.md) | -0.2% | -0.6% |
| DXY | 2025-10-29 | [Stocks fall, US dollar strengthens after Powell puts chill on December rate cut \| Reuters](https://feedsoft.ai/events/22612-stocks-fall-us-dollar-strengthens-after-powell-puts-chill-on-december-rate-cut.md) | +1.0% | +0.5% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yen-nurses-losses-boj-meets-dollar-dogged-by-rate-outlook-2024-09-20/

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