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

> The yen gained against the dollar after Shigeru Ishiba, seen as an interest rate hawk, was set to become Japan's next prime minister. The dollar fell after US PCE inflation rose 0.1% in August, in line with expectations, with annual inflation easing to 2.2%.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28544-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

Softer US inflation and a stronger yen weaken the dollar, which modestly supports dollar-denominated commodity prices; the effect on feed markets is indirect.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-01 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28538-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

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

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