# USD/JPY Drops on Haven Flows as Traders Brace for FOMC | Forex trading, free forex education | Forex.ca

> USD/JPY fell overnight as traders positioned ahead of the FOMC decision, with safe-haven yen buying and a drop in Fed hike bets. Wall Street sold off on tech and China regulatory fears, and Beijing has released state oil reserves to cool commodity prices.

- Date: 2021-07-27 · published 2021-07-27T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/46302-usd-jpy-drops-on-haven-flows-as-traders-brace-for-fomc-forex-trading-free-forex
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Chinese release of oil reserves to cool prices may lower its crude imports, which is mildly bearish for energy and the cost of freight and processing inputs.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-02-25 | [Canadian Dollar May Fall as Crude Oil Eyes Downtrend Resumption? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/54812-canadian-dollar-may-fall-as-crude-oil-eyes-downtrend-resumption-forex-trading.md) | -9.0% | -54.6% |
| WTI | 2022-06-22 | [Australian Dollar Eyes BRICS Summit After Mixed PMI Data \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/41210-australian-dollar-eyes-brics-summit-after-mixed-pmi-data-forex-trading-free.md) | +2.2% | -6.2% |
| WTI | 2023-10-30 | [Canadian dollar rebounds as safe-haven flows ease](https://feedsoft.ai/events/33848-canadian-dollar-rebounds-as-safe-haven-flows-ease.md) | -5.7% | -13.1% |
| WTI | 2024-10-30 | [The loonie is trading at lows not seen in years. Here's what it means for Canadians](https://feedsoft.ai/events/28115-the-loonie-is-trading-at-lows-not-seen-in-years-here-s-what-it-means-for.md) | +7.1% | +2.3% |
| WTI | 2017-01-27 | [Canadian dollar weakens as oil falls, investors brace for Poloz](https://feedsoft.ai/events/73216-canadian-dollar-weakens-as-oil-falls-investors-brace-for-poloz.md) | +0.2% | +1.1% |
| BRENT | 2022-06-22 | [Australian Dollar Eyes BRICS Summit After Mixed PMI Data \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/41210-australian-dollar-eyes-brics-summit-after-mixed-pmi-data-forex-trading-free.md) | +3.0% | -4.7% |
| BRENT | 2020-02-03 | [Rupee drops by 6 paise to end at 71.38 on forex outflows](https://feedsoft.ai/events/54865-rupee-drops-by-6-paise-to-end-at-71-38-on-forex-outflows.md) | -6.0% | -12.2% |
| BRENT | 2023-10-24 | [Oil drops for third straight session on weak European economic data \| Reuters](https://feedsoft.ai/events/33793-oil-drops-for-third-straight-session-on-weak-european-economic-data-reuters.md) | -2.0% | -8.9% |

## Sources

- forex.ca: https://www.forex.ca/usd-jpy-drops-on-haven-flows-as-traders-brace-for-fomc/

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