# Dollar falls against yen, gains on euro in choppy trading

> The dollar dipped against the Japanese yen on Thursday on expectations the Federal Reserve will cut rates next year. It rebounded from earlier losses against the euro in choppy trading. Markets see the first cut in March and about 155 basis points of easing by December 2024.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/32900-dollar-falls-against-yen-gains-on-euro-in-choppy-trading
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A softer dollar driven by rate-cut expectations supports dollar-priced commodities, though the effect on feed prices is modest in a choppy session. Yen and euro moves can shift import costs for Asian and European feed buyers.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | +0.4% | +1.3% |
| 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 | 2019-10-02 | [Dollar falls vs yen, euro, tracking US stocks, yields](https://feedsoft.ai/events/56812-dollar-falls-vs-yen-euro-tracking-us-stocks-yields.md) | -0.2% | -1.5% |
| DXY | 2023-11-30 | [US dollar gains but set for worst monthly loss in a year, euro falls](https://feedsoft.ai/events/33379-us-dollar-gains-but-set-for-worst-monthly-loss-in-a-year-euro-falls.md) | +0.6% | -1.2% |
| DXY | 2022-07-28 | [Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief](https://feedsoft.ai/events/40759-pound-sterling-extends-gains-against-euro-and-dollar-on-post-fed-relief.md) | -0.3% | +0.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/bruised-dollar-wobbles-traders-eye-us-rate-cuts-next-year-2023-12-28/

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