# Yen gains to 150 after BoJ hike | Convera

> The yen strengthened to around 150 per dollar after the Bank of Japan raised rates, while the dollar edged higher into month-end. US consumer confidence rose in July, though the present conditions index fell to a three-year low, and the Nasdaq dropped about 9% from its peak.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29548-yen-gains-to-150-after-boj-hike-convera
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Yen strength after the BoJ hike and a firmer dollar move currency-driven flows that can affect dollar-priced commodity demand from Japan. The effect on feed prices is small.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-28 | [Yen slumps more than 1% after BoJ decision \| Convera](https://feedsoft.ai/events/36632-yen-slumps-more-than-1-after-boj-decision-convera.md) | -0.3% | +1.2% |
| DXY | 2018-06-13 | [Gold erases gains after Fed hikes interest rates](https://feedsoft.ai/events/64440-gold-erases-gains-after-fed-hikes-interest-rates.md) | +1.3% | +0.6% |
| DXY | 2018-07-31 | [Yen plumbs week trough against dollar after BoJ's decisions](https://feedsoft.ai/events/64280-yen-plumbs-week-trough-against-dollar-after-boj-s-decisions.md) | +0.6% | +0.6% |
| DXY | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | +1.6% | +0.9% |
| DXY | 2023-07-31 | [Dollar gains after Fed loan survey, yen slips By Reuters](https://feedsoft.ai/events/35219-dollar-gains-after-fed-loan-survey-yen-slips-by-reuters.md) | +0.9% | +2.3% |

## Sources

- convera.com: https://convera.com/blog/market-insights/fx-research/daily-market-updates/yen-gains-to-150-after-boj-hike/

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