# USD/JPY jumps toward 110.00 on modest USD rebound — Octa

> USD/JPY traded modestly higher in Asian hours near 109.90 as the yen lagged amid COVID-19 concerns in Japan. The US dollar index fell below 93.00 after Fed Chair Powell's dovish comments, and US 10-year yields dropped.

- Date: 2021-08-31 · published 2021-08-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45777-usd-jpy-jumps-toward-110-00-on-modest-usd-rebound-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness after dovish Fed signals can marginally support dollar-denominated grain and oilseed prices, but the effect here is minor.

## Read by commodity

- DXY: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/921295/

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