# Dollar near one-month low to yen as inflation test looms

> The dollar index was little changed near 94 and sat close to a one-month low against the yen at 112.87. The move came ahead of US consumer price data that could guide the timing of Fed rate hikes. Chinese factory gate prices also rose at their fastest pace since 1995.

- Date: 2021-11-10 · published 2021-11-10T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44279-dollar-near-one-month-low-to-yen-as-inflation-test-looms
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of a Fed move ahead of the inflation print support the dollar, while softer yen levels and high producer costs add to feed and input cost pressures.

## Read by commodity

- DXY: neutral
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-02 | [Dollar's near-term outlook bright, but to fade in a year](https://feedsoft.ai/events/46249-dollar-s-near-term-outlook-bright-but-to-fade-in-a-year.md) | +0.1% | -0.1% |
| DXY | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | +0.2% | -1.0% |
| DXY | 2017-09-25 | [It's risky to go long on the dollar \| The National](https://feedsoft.ai/events/69151-it-s-risky-to-go-long-on-the-dollar-the-national.md) | +1.2% | +2.3% |
| DXY | 2021-06-25 | [Dollar steady after U.S. inflation data misses estimates](https://feedsoft.ai/events/46773-dollar-steady-after-u-s-inflation-data-misses-estimates.md) | +0.4% | +1.0% |
| DXY | 2024-02-27 | [Dollar slips vs yen after Japan inflation data, US durable goods](https://feedsoft.ai/events/31907-dollar-slips-vs-yen-after-japan-inflation-data-us-durable-goods.md) | -0.2% | -0.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/11/10/forex-markets-dollar-japanese-yen-inflation-data.html

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