# USD/JPY steadies around 122.00 ahead of the BOJ's bond-buying wrap-up and subdued US GDP — Octa

> USD/JPY traded in a narrow range of 121.32-122.24 ahead of the end of the BOJ's four-day bond-buying program. The dollar index fell below 98.00 after softer US GDP and ADP employment data.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/42479-usd-jpy-steadies-around-122-00-ahead-of-the-boj-s-bond-buying-wrap-up-and
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Yen stability near 122 limits near-term import cost swings for Japanese feed buyers. A weaker dollar index would modestly ease dollar-priced commodity costs in other currencies.

## Read by commodity

- DXY: bearish ▼
- USDJPY: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/962571/

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