# Dollar drops on jobs data, yen rises from 10-month low | Reuters

> The dollar dropped after U.S. jobs data, and the yen rose from a 10-month low. Investors are watching for lagging effects of monetary tightening even as U.S. economic data has shown resilience. Markets priced an 87% chance of the Fed holding rates next month, with odds of a November hike rising.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34780-dollar-drops-on-jobs-data-yen-rises-from-10-month-low-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Shifts in Fed rate expectations move the dollar, which in turn affects the dollar cost of traded feed ingredients. A softer dollar tends to support commodity prices, while renewed hike bets would strengthen it.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-16 | [Dollar finds its footing near seven-month low, all eyes on yen \| Reuters](https://feedsoft.ai/events/37978-dollar-finds-its-footing-near-seven-month-low-all-eyes-on-yen-reuters.md) | -0.0% | +0.7% |
| DXY | 2026-08-21 | [Dollar falls to three-month low on Treasury buyback worries \| Reuters](https://feedsoft.ai/events/18084-dollar-falls-to-three-month-low-on-treasury-buyback-worries-reuters.md) | +0.1% | +1.1% |
| DXY | 2025-12-22 | [Japan's yen rises vs dollar on intervention hints; US dollar slumps \| Reuters](https://feedsoft.ai/events/21744-japan-s-yen-rises-vs-dollar-on-intervention-hints-us-dollar-slumps-reuters.md) | -0.5% | -0.7% |
| DXY | 2023-11-01 | [Yen rises after Japan ramps up intervention warning; US data weighs on dollar By Reuters](https://feedsoft.ai/events/33398-yen-rises-after-japan-ramps-up-intervention-warning-us-data-weighs-on-dollar-by.md) | -1.4% | -2.9% |
| DXY | 2018-06-20 | [Dollar retreats from 11-month high; sterling rises after BOE](https://feedsoft.ai/events/64786-dollar-retreats-from-11-month-high-sterling-rises-after-boe.md) | -0.3% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-soft-markets-brace-data-fest-yen-under-pressure-2023-08-29/

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