# Yen shoots for best month in years as growth concerns bring US yields down | INTERNATIONAL MARKET NEWS - Business Standard

> The yen was on track for its best month in almost three years as growth worries pushed US Treasury yields sharply lower and forced speculators to unwind crowded short-yen positions. The yen rose about 1% in Asian trade and touched 132.76 per dollar, a six-week high. The narrowing US-Japan yield gap was the sharpest since March 2020.

- Date: 2022-07-29 · published 2022-07-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/40730-yen-shoots-for-best-month-in-years-as-growth-concerns-bring-us-yields-down
- 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 firmer yen and weaker dollar tend to support dollar-denominated commodity prices, including feed grains and oilseeds, by making them cheaper for non-US buyers. The move is driven by FX and rate dynamics rather than feed supply, so its effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-31 | [Silent correction in rupee, even as dollar weakens against major currencies \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/67255-silent-correction-in-rupee-even-as-dollar-weakens-against-major-currencies.md) | +0.4% | +1.2% |
| DXY | 2025-05-29 | [Dollar weakness attributed to concerns about potential adverse effects of trade policy on the U.S. growth outlook: Fed Minutes \| Capital Market News - Business Standard](https://feedsoft.ai/events/24858-dollar-weakness-attributed-to-concerns-about-potential-adverse-effects-of-trade.md) | -0.8% | -1.9% |
| DXY | 2020-07-31 | [Dollar heads for biggest monthly drop in a decade as virus fuels US economy fears - Markets - Business Recorder](https://feedsoft.ai/events/52339-dollar-heads-for-biggest-monthly-drop-in-a-decade-as-virus-fuels-us-economy.md) | -0.3% | -0.6% |
| DXY | 2022-03-30 | [Euro rises vs dollar as eurozone inflation fans rate hike expectations \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/42468-euro-rises-vs-dollar-as-eurozone-inflation-fans-rate-hike-expectations-money.md) | +0.1% | +2.9% |
| DXY | 2021-04-16 | [Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder](https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets.md) | -0.3% | -0.9% |

## Sources

- business-standard.com: https://www.business-standard.com/article/international/yen-shoots-for-best-month-in-years-as-growth-concerns-bring-us-yields-down-122072900328_1.html

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