# Dollar surges against the yen as nerves fray over economic outlook - Markets - Business Recorder

> The dollar rallied against the yen, rising as much as 1.21% to 129.965, after Bank of Japan Governor Kuroda reiterated that policy would stay extremely accommodative. The dollar also gained against a basket of currencies as data pointed to a fragile global growth outlook.

- Date: 2023-01-20 · published 2023-01-20T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/38010-dollar-surges-against-the-yen-as-nerves-fray-over-economic-outlook-markets
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar strength and a softer yen raise the local-currency cost of imported feed for Japan and weigh on US export competitiveness; the move reflects currency and growth expectations rather than a grain-specific driver.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-26 | [Dollar buoyant as economic outlook brightens, doubts surround euro - Markets - Business Recorder](https://feedsoft.ai/events/48341-dollar-buoyant-as-economic-outlook-brightens-doubts-surround-euro-markets.md) | -0.2% | -1.6% |
| DXY | 2024-11-21 | [Dollar pulls ahead as markets focus on Trump policies, Fed outlook - Markets - Business Recorder](https://feedsoft.ai/events/27609-dollar-pulls-ahead-as-markets-focus-on-trump-policies-fed-outlook-markets.md) | -0.0% | +1.4% |
| DXY | 2024-10-22 | [Dollar climbs with US rates on economic outlook - Business & Finance - Business Recorder](https://feedsoft.ai/events/28055-dollar-climbs-with-us-rates-on-economic-outlook-business-and-finance-business.md) | +0.3% | +1.5% |
| DXY | 2022-11-15 | [Dollar rebounds as Fed officials say hikes to continue; yen slumps - Markets - Business Recorder](https://feedsoft.ai/events/38941-dollar-rebounds-as-fed-officials-say-hikes-to-continue-yen-slumps-markets.md) | +1.0% | -1.3% |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40221452

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