# US dollar slips as traders cautious before Fed's Jackson Hole symposium

> The dollar slipped as traders waited for Fed Chair Powell's Jackson Hole speech. The yen weakened 0.55% to 146.21 per dollar, and analysts see the intervention threshold near 150.

- Date: 2023-08-21 · published 2023-08-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34828-us-dollar-slips-as-traders-cautious-before-fed-s-jackson-hole-symposium
- 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 moves at this level change the dollar cost of imports for Japan, but without a clear driver for grains or feed the price effect is limited.

## Read by commodity

- DXY: neutral
- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-gains-intact-traders-eye-jackson-hole-2023-08-21/

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