# Dollar Surges to Four-Year High Against Yen on Faster Hike Bets - Bloomberg

> The dollar pushed past 115 yen for the first time since 2017 after Jerome Powell was renominated as Fed chair, which fueled bets on faster US tightening. Treasury yields rose, widening the gap with Japanese government bond yields. The move happened during a Japanese market holiday.

- Date: 2021-11-23 · published 2021-11-23T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/44277-dollar-surges-to-four-year-high-against-yen-on-faster-hike-bets-bloomberg
- 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 stronger dollar against the yen raises the cost of dollar-priced feed imports for Japan and other yen-based buyers, and it can weigh on US commodity prices in dollar terms.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | -0.6% | +1.3% |
| DXY | 2016-11-29 | [Watch Dollar Advance Against Yen to Continue? - Bloomberg](https://feedsoft.ai/events/74084-watch-dollar-advance-against-yen-to-continue-bloomberg.md) | -0.5% | +1.0% |
| DXY | 2016-11-17 | [A Primer on the Dollar's Surge - Bloomberg](https://feedsoft.ai/events/8326-a-primer-on-the-dollar-s-surge-bloomberg.md) | +1.1% | +1.7% |
| DXY | 2021-10-11 | [Forex markets: Dollar hits more than 2-year high against yen](https://feedsoft.ai/events/44794-forex-markets-dollar-hits-more-than-2-year-high-against-yen.md) | -0.5% | -0.7% |
| DXY | 2021-03-31 | [US dollar rises to one-year high against Japan's yen \| The Straits Times](https://feedsoft.ai/events/48355-us-dollar-rises-to-one-year-high-against-japan-s-yen-the-straits-times.md) | -0.9% | -2.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-11-23/yen-weakens-past-key-115-level-for-first-time-in-four-years

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