# US Dollar To Yen Likely To Be Capped Near 110 Say MUFG

> MUFG says USD/JPY is likely capped near 110.00 because US real yields have fallen while Japanese real yields held up. The bank sees the pair possibly reaching 100 given Japan's firm fundamentals and a 100bp real yield spread.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46300-us-dollar-to-yen-likely-to-be-capped-near-110-say-mufg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency forecasts shape the yen's purchasing power for Japanese buyers of US feed commodities, though the effect on feed prices is modest.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-13 | [US dollar strength likely to wane a bit further in 2024 \| Capital Economics](https://feedsoft.ai/events/8717-us-dollar-strength-likely-to-wane-a-bit-further-in-2024-capital-economics.md) | -1.0% | -0.7% |
| DXY | 2021-08-27 | [Dollar depreciation unlikely to last \| Capital Economics](https://feedsoft.ai/events/45478-dollar-depreciation-unlikely-to-last-capital-economics.md) | -0.9% | -0.0% |
| DXY | 2023-11-28 | [US dollar skids to 3-1/2-month low, headed for biggest monthly drop in a year](https://feedsoft.ai/events/33361-us-dollar-skids-to-3-1-2-month-low-headed-for-biggest-monthly-drop-in-a-year.md) | +0.2% | -1.1% |
| DXY | 2023-07-10 | [US dollar drops to three-week low as Fed rate hikes nearly done](https://feedsoft.ai/events/9980-us-dollar-drops-to-three-week-low-as-fed-rate-hikes-nearly-done.md) | -1.7% | -0.2% |
| DXY | 2026-07-30 | [US Dollar: Post-FOMC losses likely to remain limited – TD Securities — Octa](https://feedsoft.ai/events/8423-us-dollar-post-fomc-losses-likely-to-remain-limited-td-securities-octa.md) | -1.2% | -1.9% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/33594/2021-07-30-us-dollar-to-yen-likely-to-be-capped-near-110-mufg.html

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