# Morning Bid: War and PCE

> The dollar rose against the yen on Friday, with Japan's Nikkei gaining 1% after comments from the incoming Bank of Japan chief. Japan's core consumer inflation hit a fresh 41-year high in January.

- Date: 2023-02-24 · published 2023-02-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37560-morning-bid-war-and-pce
- 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 and rate moves between the dollar and yen shape the macro backdrop for dollar-priced commodities. The direct impact on feed markets is limited.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-14 | [Morning Bid: A twist in the U.S.'s inflation tale?](https://feedsoft.ai/events/11854-morning-bid-a-twist-in-the-u-s-s-inflation-tale.md) | -0.1% | -0.0% |
| DXY | 2016-06-16 | [Weak economy and strong dollar both matter](https://feedsoft.ai/events/9291-weak-economy-and-strong-dollar-both-matter.md) | -0.9% | +0.0% |
| DXY | 2026-04-30 | [Pound Sterling flat vs USD as BoE decision and US PCE data loom](https://feedsoft.ai/events/19990-pound-sterling-flat-vs-usd-as-boe-decision-and-us-pce-data-loom.md) | -0.8% | -0.1% |
| DXY | 2018-11-29 | [Sterling slips amid Bank of England Brexit warning but European markets stay buoyant](https://feedsoft.ai/events/62300-sterling-slips-amid-bank-of-england-brexit-warning-but-european-markets-stay.md) | -0.4% | -1.0% |
| DXY | 2018-06-22 | [Why the Aussie dollar is plummeting, and what to do](https://feedsoft.ai/events/64776-why-the-aussie-dollar-is-plummeting-and-what-to-do.md) | +0.2% | -0.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/global-markets-view-usa-pix-graphic-2023-02-24/

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