# USD/JPY remains strong above 110.80 amid higher US Treasury yields — Octa

> USD/JPY recovered above 110.80 on Monday as US 10-year Treasury yields rebounded to about 1.55% from four-month lows near 1.36%. US consumer spending was flat in May and personal income fell, both missing expectations, which kept Fed tightening bets subdued.

- Date: 2021-06-28 · published 2021-06-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46841-usd-jpy-remains-strong-above-110-80-amid-higher-us-treasury-yields-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

Higher US yields support the dollar, which tends to pressure dollar-priced grain and oilseed values. The weak US spending data, however, reduces the chance of an early Fed hawkish turn, so the dollar's gains are limited.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-23 | [US Treasury yields tick higher ahead of economic data](https://feedsoft.ai/events/65436-us-treasury-yields-tick-higher-ahead-of-economic-data.md) | +0.9% | +3.3% |
| DXY | 2022-01-31 | [USD/JPY defends 115.00 amid softer Japan data, firmer yields — Octa](https://feedsoft.ai/events/43367-usd-jpy-defends-115-00-amid-softer-japan-data-firmer-yields-octa.md) | -0.8% | -0.7% |
| DXY | 2020-07-31 | [USD/JPY is in the middle of big reversal as Treasury yields rebound](https://feedsoft.ai/events/52344-usd-jpy-is-in-the-middle-of-big-reversal-as-treasury-yields-rebound.md) | -0.3% | -0.6% |
| DXY | 2017-10-26 | [Euro drops after ECB trims stimulus; Treasury yields higher](https://feedsoft.ai/events/68670-euro-drops-after-ecb-trims-stimulus-treasury-yields-higher.md) | +0.4% | -1.2% |
| DXY | 2021-09-30 | [USD/JPY touches multi-year high near 112.00 ahead of US GDP, stronger USD — Octa](https://feedsoft.ai/events/45301-usd-jpy-touches-multi-year-high-near-112-00-ahead-of-us-gdp-stronger-usd-octa.md) | +0.0% | -1.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/909290/

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