# Dollar steady on higher-for-longer rates outlook; yen volatile | Financial Post

> The dollar held firm as investors braced for US interest rates to stay higher for longer, while the yen swung between gains and losses. Incoming BOJ Governor Kazuo Ueda said uncertainties about Japan's recovery remained very high and that ultra-loose policy should be maintained.

- Date: 2023-02-24 · published 2023-02-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37556-dollar-steady-on-higher-for-longer-rates-outlook-yen-volatile-financial-post
- 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 firm dollar and higher US rates tend to pressure dollar-denominated commodity prices and can weigh on demand from importers with weaker currencies. The effect on feed markets is indirect and modest.

## Read by commodity

- DXY: bullish ▲
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2021-02-02 | [Dollar stands tall on better U.S. outlook vs Europe \| Financial Post](https://feedsoft.ai/events/48853-dollar-stands-tall-on-better-u-s-outlook-vs-europe-financial-post.md) | -0.3% | +0.1% |
| DXY | 2021-10-18 | [Dollar resumes upward March on higher yields; yen falls again \| Financial Post](https://feedsoft.ai/events/44796-dollar-resumes-upward-march-on-higher-yields-yen-falls-again-financial-post.md) | -0.4% | +0.4% |
| DXY | 2020-03-31 | [Yen declines on year-end U.S. dollar demand \| Financial Post](https://feedsoft.ai/events/54348-yen-declines-on-year-end-u-s-dollar-demand-financial-post.md) | +0.7% | +0.5% |
| DXY | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +0.8% | -0.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-steady-on-higher-for-longer-rates-outlook-yen-volatile

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