# USD/JPY Pressing 110.6/7 as Treasury Yields Extend Rally - ActionForex

> The yen traded near 110.99 per dollar, close to a three-month low, and hit a two-week low against the euro. Rising US and European bond yields drew Japanese investors into overseas assets. The Fed had said it may start tapering stimulus as soon as November.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/45304-usd-jpy-pressing-110-6-7-as-treasury-yields-extend-rally-actionforex
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness and rising US yields raise the cost of imported feed for Japan while supporting dollar-priced US exports. The effect on feed prices is indirect and driven by currency and rate moves.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- actionforex.com: https://www.actionforex.com/action-insight/market-overview/406104-usd-jpy-pressing-110-6-7-as-treasury-yields-extend-rally/

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