# USD/JPY defends 115.00 amid softer Japan data, firmer yields — Octa

> USD/JPY held near 115.00 as Japanese December industrial production and retail sales undershot forecasts and Tokyo faced rising Omicron cases. US Treasury yields firmed on hawkish Fed commentary and Russia tensions.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/43367-usd-jpy-defends-115-00-amid-softer-japan-data-firmer-yields-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Firmer US yields and hawkish Fed signals keep the dollar supported against the yen, which lifts yen-denominated import costs for feed buyers; the move is currency-driven with no direct grain supply change.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-28 | [USD/JPY remains strong above 110.80 amid higher US Treasury yields — Octa](https://feedsoft.ai/events/46841-usd-jpy-remains-strong-above-110-80-amid-higher-us-treasury-yields-octa.md) | +0.5% | +1.1% |
| DXY | 2021-05-28 | [USD/JPY set to retest 110 ahead of US data — Octa](https://feedsoft.ai/events/47355-usd-jpy-set-to-retest-110-ahead-of-us-data-octa.md) | -0.1% | +1.0% |
| DXY | 2021-11-16 | [Asian Open: USD/JPY Hits a 3-Year High Ahead of Japan’s Trade Data](https://feedsoft.ai/events/44281-asian-open-usd-jpy-hits-a-3-year-high-ahead-of-japan-s-trade-data.md) | +0.9% | +1.4% |
| DXY | 2020-01-20 | [Dollar holds firm after strong US data, Chinese yuan extends run](https://feedsoft.ai/events/7876-dollar-holds-firm-after-strong-us-data-chinese-yuan-extends-run.md) | +0.6% | +1.3% |
| DXY | 2021-09-29 | [USD/JPY endures below YTD highs near 111.50 as US T-bond yields soar, Powell speech eyed — Octa](https://feedsoft.ai/events/45303-usd-jpy-endures-below-ytd-highs-near-111-50-as-us-t-bond-yields-soar-powell.md) | +0.1% | -0.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/949696/

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