# USD/JPY touches multi-year high near 112.00 ahead of US GDP, stronger USD — Octa

> USD/JPY rose toward 112.00 on Thursday, its highest level in several years, with the pair trading near 111.97. The US Dollar Index held above 94.00, its strongest level since September 2020, as markets priced in Fed tapering and rising energy costs. The yen also weakened after Bank of Japan Governor Kuroda cited weak consumption and low inflation.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/45301-usd-jpy-touches-multi-year-high-near-112-00-ahead-of-us-gdp-stronger-usd-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

A stronger dollar makes US grains, oilseeds and meal less competitive on world markets, which tends to weigh on US export prices. A weaker yen raises the local-currency cost of imported feed for Japan.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-07-28 | [AUD/USD struggles near three-week low amid stronger USD, ahead of US PCE Price Index — Octa](https://feedsoft.ai/events/35310-aud-usd-struggles-near-three-week-low-amid-stronger-usd-ahead-of-us-pce-price.md) | +1.3% | +2.0% |
| 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 | 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 | 2024-11-22 | [Japanese Yen drops to fresh daily low; USD/JPY approaches 155.00 ahead of US PMIs](https://feedsoft.ai/events/27640-japanese-yen-drops-to-fresh-daily-low-usd-jpy-approaches-155-00-ahead-of-us-pmis.md) | -0.4% | +0.6% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/927519/

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