# USD/JPY remains depressed near 146.00, eyes US PCE Price Index for fresh impetus — Octa

> USD/JPY holds near 146.00 after weak US private employment data and a downward revision to US GDP growth. Markets still price in a possible further Fed rate hike this year.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34827-usd-jpy-remains-depressed-near-146-00-eyes-us-pce-price-index-for-fresh-impetus
- 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 on weaker US data eases pressure on dollar-priced imports, though the yen remains weak on the widening rate gap with Japan.

## Read by commodity

- DXY: bearish ▼
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-28 | [USD/JPY strengthens to near 149.50 as US PCE data reinforces Fed dovish bets](https://feedsoft.ai/events/23130-usd-jpy-strengthens-to-near-149-50-as-us-pce-data-reinforces-fed-dovish-bets.md) | -0.3% | +0.3% |
| DXY | 2018-01-31 | [Dollar remains under pressure ahead of FOMC - BBH — Octa](https://feedsoft.ai/events/67167-dollar-remains-under-pressure-ahead-of-fomc-bbh-octa.md) | +0.4% | +1.2% |
| DXY | 2021-08-31 | [USD/INR Price News: Rupee rises towards 73.00 as India coronavirus fatalities ease — Octa](https://feedsoft.ai/events/45839-usd-inr-price-news-rupee-rises-towards-73-00-as-india-coronavirus-fatalities.md) | -0.2% | +0.9% |
| DXY | 2020-11-05 | [Gold Price Analysis: XAU/USD steady near $1,950 after Fed’s decision — Octa](https://feedsoft.ai/events/50079-gold-price-analysis-xau-usd-steady-near-1-950-after-fed-s-decision-octa.md) | -0.8% | -2.9% |
| DXY | 2024-01-31 | [USD/JPY slides into 146.00 after Fed holds rates, Powell leaves the door open for rate cuts](https://feedsoft.ai/events/32360-usd-jpy-slides-into-146-00-after-fed-holds-rates-powell-leaves-the-door-open.md) | +0.3% | +0.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1062520/

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