# Asian Open: USD/JPY Hits a 3-Year High Ahead of Japan’s Trade Data

> USD/JPY reached a three-year high ahead of Japan's trade data, extending gains after strong US retail sales. Bets grew that the Bank of England would hike in December. US equity indices moved back toward record highs.

- Date: 2021-11-16 · published 2021-11-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44281-asian-open-usd-jpy-hits-a-3-year-high-ahead-of-japan-s-trade-data
- 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 firm dollar against the yen and other majors keeps import costs elevated for Asian feed buyers and can soften dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-30 | [USD/JPY touches multi-year high near 112.00 ahead of US GDP, stronger USD — Octa](https://feedsoft.ai/events/45301-usd-jpy-touches-multi-year-high-near-112-00-ahead-of-us-gdp-stronger-usd-octa.md) | +0.0% | -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 | 2018-02-28 | [USD/CAD hits fresh 2018 high above 1.28 ahead of Friday’s GDP data - OFX (CA)](https://feedsoft.ai/events/66727-usd-cad-hits-fresh-2018-high-above-1-28-ahead-of-friday-s-gdp-data-ofx-ca.md) | -0.1% | -0.5% |
| 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% |
| DXY | 2022-04-28 | [Dollar hits 20-yr high as yen tumbles on dovish Bank of Japan](https://feedsoft.ai/events/8288-dollar-hits-20-yr-high-as-yen-tumbles-on-dovish-bank-of-japan.md) | +0.1% | -0.4% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/asian-open-usdjpy-hits-a-3-year-high-ahead-of-japans-trade-data/

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