# Japanese Yen eases from over one-week high, bulls turn cautious ahead of US PCE Price Index

> The yen gained on February 29 after Bank of Japan board member Hajime Takata signalled a nimble exit from ultra-loose policy and warned about intervention. The dollar eased modestly, pushing USD/JPY back toward 150 ahead of the U.S. PCE inflation release.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/31912-japanese-yen-eases-from-over-one-week-high-bulls-turn-cautious-ahead-of-us-pce
- 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 and a softer dollar generally support dollar-priced commodities, but the move is modest. Traders are focused on U.S. inflation data, which matters more for grain pricing.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-31 | [Japanese Yen jumps to over one-week high against weaker USD; seems poised to climb further](https://feedsoft.ai/events/25819-japanese-yen-jumps-to-over-one-week-high-against-weaker-usd-seems-poised-to.md) | -0.5% | -2.8% |
| DXY | 2017-10-31 | [Yen Rises Ahead Of Bank Of Japan - ActionForex](https://feedsoft.ai/events/68686-yen-rises-ahead-of-bank-of-japan-actionforex.md) | -0.2% | -1.4% |
| DXY | 2024-07-05 | [Gold prices rise to over one-month high after US jobs report](https://feedsoft.ai/events/29147-gold-prices-rise-to-over-one-month-high-after-us-jobs-report.md) | -0.8% | +0.1% |
| DXY | 2026-08-01 | [Japan intervenes to prop up yen ahead of BOJ policy decision, source says](https://feedsoft.ai/events/18580-japan-intervenes-to-prop-up-yen-ahead-of-boj-policy-decision-source-says.md) | -0.5% | -0.8% |
| DXY | 2026-07-30 | [Euro climbs to six-week high as suspected Japanese intervention pressures Greenback](https://feedsoft.ai/events/18559-euro-climbs-to-six-week-high-as-suspected-japanese-intervention-pressures.md) | -1.2% | -1.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/japanese-yen-spikes-to-weekly-top-after-boj-takatas-hawkish-remarks-us-pce-data-in-focus-202402290217

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