# Dollar posts steep weekly fall, trades below 150 yen

> The dollar posted its second-steepest weekly decline against major currencies this year, and the yen strengthened below 150 per dollar. Cooler US inflation data pulled forward expectations of Fed rate cuts, and the euro rose to $1.0906.

- Date: 2023-11-17 · published 2023-11-17T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/33383-dollar-posts-steep-weekly-fall-trades-below-150-yen
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A broad dollar decline supports dollar-denominated commodity prices and US export values, while earlier Fed easing expectations reinforce the weaker dollar trend.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- EURUSD: bullish ▲
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-12-27 | [Trade optimism puts floor on dollar/yen, boosts Aussie \| Financial Post](https://feedsoft.ai/events/55794-trade-optimism-puts-floor-on-dollar-yen-boosts-aussie-financial-post.md) | -0.8% | -4.3% |
| SOY | 2025-10-31 | [AUD/USD weakens to near 0.6540 as US Dollar trades firmly](https://feedsoft.ai/events/22663-aud-usd-weakens-to-near-0-6540-as-us-dollar-trades-firmly.md) | +0.0% | +4.3% |
| SOY | 2025-11-01 | [US dollar slips as trade optimism boosts risk appetite](https://feedsoft.ai/events/22637-us-dollar-slips-as-trade-optimism-boosts-risk-appetite.md) | +0.2% | +2.6% |
| SOY | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | +1.8% | +1.6% |
| SOY | 2018-01-02 | [Dollar falls to more than 3-month low on first trading day of 2018](https://feedsoft.ai/events/67214-dollar-falls-to-more-than-3-month-low-on-first-trading-day-of-2018.md) | +0.7% | +5.1% |
| CORN | 2023-11-03 | [US dollar tumbles to six-week low after soft jobs data](https://feedsoft.ai/events/11456-us-dollar-tumbles-to-six-week-low-after-soft-jobs-data.md) | +1.0% | -1.0% |
| CORN | 2018-01-02 | [Dollar falls to more than 3-month low on first trading day of 2018](https://feedsoft.ai/events/67214-dollar-falls-to-more-than-3-month-low-on-first-trading-day-of-2018.md) | -0.6% | +2.0% |
| CORN | 2023-03-03 | [Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down](https://feedsoft.ai/events/37053-dollar-retreats-headed-for-biggest-weekly-loss-since-mid-january-bitcoin-down.md) | -1.1% | +0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/11/17/yen-eyes-best-week-in-four-months-dollar-heads-for-weekly-decline.html
- reuters.com: https://www.reuters.com/business/energy/yen-eyes-best-week-four-months-dollar-heads-weekly-decline-2023-11-17/

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