# US dollar rises to three-month high after inflation data, surges past 150 yen

> The dollar rose to three-month highs after data showed US inflation rose more than expected. It surged past 150 yen, and futures priced the first Fed rate cut for June with about 80% probability.

- Date: 2024-02-13 · published 2024-02-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31870-us-dollar-rises-to-three-month-high-after-inflation-data-surges-past-150-yen
- 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 dollar makes US commodity exports more expensive for importers and can weigh on dollar-denominated grain and oilseed prices. The yen weakness adds pressure on Japanese feed import costs.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-30 | [Dollar holds firm after Fed raises inflation alarm, yen slips past 160](https://feedsoft.ai/events/19916-dollar-holds-firm-after-fed-raises-inflation-alarm-yen-slips-past-160.md) | -0.8% | -0.1% |
| DXY | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | -0.6% | +1.3% |
| DXY | 2021-11-11 | [Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks \| Reuters](https://feedsoft.ai/events/11949-dollar-rockets-to-16-month-highs-after-hot-u-s-inflation-euro-sinks-reuters.md) | +0.8% | +1.2% |
| DXY | 2024-06-07 | [Dollar rises to highest in a month - Moneyweb](https://feedsoft.ai/events/8476-dollar-rises-to-highest-in-a-month-moneyweb.md) | +1.4% | +0.8% |
| DXY | 2023-04-28 | [US dollar firms as inflation data backs Fed hike; yen plunges](https://feedsoft.ai/events/36576-us-dollar-firms-as-inflation-data-backs-fed-hike-yen-plunges.md) | -0.3% | +1.2% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-weakens-past-150-against-dollar-on-stubborn-u.s.-inflation
- reuters.com: https://www.reuters.com/markets/currencies/dollar-nears-150-yen-ahead-us-inflation-test-bitcoin-buoyant-2024-02-13/

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