# Japanese Yen Slips Against US Dollar as Powell Confirms Hikes. Where to for USD/JPY? | Forex trading, free forex education | Forex.ca

> The yen slipped against the dollar after Powell's hawkish Jackson Hole remarks, with USD/JPY rising alongside Treasury yields. Tokyo core CPI came in slightly above expectations at 2.6%.

- Date: 2022-08-29 · published 2022-08-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/40268-japanese-yen-slips-against-us-dollar-as-powell-confirms-hikes-where-to-for-usd
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A widening yield gap keeps the dollar strong and makes dollar-priced commodities more expensive for Japanese buyers.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-23 | [US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/54383-us-dollar-fundamental-outlook-usd-sgd-usd-idr-usd-myr-usd-php-forex-trading.md) | -2.0% | -1.7% |
| DXY | 2021-08-23 | [Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/45835-jackson-hole-in-focus-for-usd-sgd-usd-thb-usd-idr-usd-php-forex-trading-free.md) | -1.0% | -0.5% |
| DXY | 2021-03-29 | [US Dollar May Still Have Edge as Emerging Markets Underperform Ahead of NFPs \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/48383-us-dollar-may-still-have-edge-as-emerging-markets-underperform-ahead-of-nfps.md) | -0.0% | -1.5% |
| DXY | 2022-11-18 | [Australian Dollar Filleted by Fedspeak as US Dollar Resumes Ascendency \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/38927-australian-dollar-filleted-by-fedspeak-as-us-dollar-resumes-ascendency-forex.md) | -0.5% | -1.1% |
| DXY | 2021-07-13 | [USD/MXN Jumps on Sizzling U.S. Inflation. Will Traders Fade this Move? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/46282-usd-mxn-jumps-on-sizzling-u-s-inflation-will-traders-fade-this-move-forex.md) | +0.7% | +0.6% |

## Sources

- forex.ca: http://www.forex.ca/japanese-yen-slips-against-us-dollar-as-powell-confirms-hikes-where-to-for-usd-jpy/

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