# USD/JPY pares daily losses, closes in on 110.00 — Octa

> USD/JPY pared daily losses on Tuesday and was trading near 109.94, with the dollar index below 92.50. Rising US Treasury yields helped the pair recover, and traders awaited US consumer confidence data.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45775-usd-jpy-pares-daily-losses-closes-in-on-110-00-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency moves of this size have little direct effect on feed grain prices, though a firmer dollar can modestly weigh on US commodity export competitiveness.

## Read by commodity

- DXY: neutral
- USDJPY: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/921543/

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