# JPY Climbs on Talk of BOJ Rate Hike, DXY Dips

> The yen climbed as the BOJ was expected to raise rates to 0.25% at its meeting, with USD/JPY falling to 152.90. The US dollar eased broadly ahead of the Fed and BoE decisions, and Eurozone Q2 GDP expanded 0.3%.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29538-jpy-climbs-on-talk-of-boj-rate-hike-dxy-dips
- 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 weaker dollar generally supports US dollar-priced commodities like feed grains and meal by making them cheaper for foreign buyers, though this is a routine currency move with limited direct feed impact.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-01 | [Gold climbs on weaker dollar, easing Fed rate hike concerns](https://feedsoft.ai/events/17807-gold-climbs-on-weaker-dollar-easing-fed-rate-hike-concerns.md) | -0.6% | +2.1% |
| DXY | 2023-12-13 | [Gold climbs over 1% after Fed signals end of rate hikes \| Reuters](https://feedsoft.ai/events/32470-gold-climbs-over-1-after-fed-signals-end-of-rate-hikes-reuters.md) | -1.0% | -0.7% |
| DXY | 2022-05-23 | [Euro climbs as ECB eyes rate hikes, dollar slides \| Reuters](https://feedsoft.ai/events/12687-euro-climbs-as-ecb-eyes-rate-hikes-dollar-slides-reuters.md) | -0.9% | +1.1% |
| DXY | 2021-08-27 | [Dollar slips after Powell embraces tapering, holds on rate hikes](https://feedsoft.ai/events/45477-dollar-slips-after-powell-embraces-tapering-holds-on-rate-hikes.md) | -0.9% | -0.0% |
| DXY | 2019-01-11 | [Gold shines on weak dollar, Fed chief's dovish tone on rate hike](https://feedsoft.ai/events/61008-gold-shines-on-weak-dollar-fed-chief-s-dovish-tone-on-rate-hike.md) | +0.4% | +0.9% |

## Sources

- liquidityfinder.com: https://liquidityfinder.com/news/jpy-climbs-on-talk-of-boj-rate-hike-dxy-dips-c933b

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