# Dollar eases after Fed-spurred rise, yen stronger ahead of BOJ

> The dollar eased after a Fed-driven rise but stayed near a six-month high after the Fed held rates at 5.25%-5.50% and signaled restrictive policy for longer. The yen strengthened ahead of a Bank of Japan decision.

- Date: 2023-09-21 · published 2023-09-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34309-dollar-eases-after-fed-spurred-rise-yen-stronger-ahead-of-boj
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency swings alter the relative cost of US feed exports for importers, and a firm dollar with a stronger yen tends to weigh on US-priced grain and meal demand.

## Read by commodity

- DXY: neutral
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-25 | [Dollar slips ahead of widely expected Fed rate hike](https://feedsoft.ai/events/63243-dollar-slips-ahead-of-widely-expected-fed-rate-hike.md) | +0.3% | +1.4% |
| DXY | 2024-10-31 | [Dollar Consolidates, Yen Gains After BOJ Decision](https://feedsoft.ai/events/28112-dollar-consolidates-yen-gains-after-boj-decision.md) | +0.7% | +1.4% |
| DXY | 2018-01-22 | [Westpac on why the Australian dollar is so strong (AUD rise ahead of fair value model)](https://feedsoft.ai/events/67230-westpac-on-why-the-australian-dollar-is-so-strong-aud-rise-ahead-of-fair-value.md) | -1.2% | -0.8% |
| DXY | 2017-06-14 | [Stocks fall, dollar pares losses after Fed forges ahead with rate hike - Financial Post](https://feedsoft.ai/events/10199-stocks-fall-dollar-pares-losses-after-fed-forges-ahead-with-rate-hike-financial.md) | +0.6% | -0.9% |
| DXY | 2025-11-21 | [Dollar slips against yen but heads for broad weekly rise \| Reuters](https://feedsoft.ai/events/22143-dollar-slips-against-yen-but-heads-for-broad-weekly-rise-reuters.md) | -0.5% | -1.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/09/21/yen-worries-increase-as-dollar-strengthens-after-fed.html

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