# USD/JPY: Looks to extend gains beyond 109.60 ahead of US PMI - Forex Crunch

> USD/JPY eased in early Asian trade on Tuesday after touching a multi-month high near 110.30 on Friday, and traded near 109.54. The dollar index stood near 89.80 as US 10-year yields remained below 1.60%. Analysts also pointed to OECD forecasts that cut Japan's 2021 growth outlook.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47353-usd-jpy-looks-to-extend-gains-beyond-109-60-ahead-of-us-pmi-forex-crunch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Lower US yields and a softer dollar are a mild positive for dollar-priced commodities. The yen's weakness after the OECD cut is a small offset for yen-based feed importers.

## Read by commodity

- DXY: neutral
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | +0.5% | -0.3% |
| DXY | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | +0.3% | -0.9% |
| DXY | 2020-06-30 | [Fed's Williams: No need to use negative rates in US - Forex Crunch](https://feedsoft.ai/events/52810-fed-s-williams-no-need-to-use-negative-rates-in-us-forex-crunch.md) | -0.9% | -2.8% |
| DXY | 2020-11-30 | [USD/JPY keeps recent gains around 104.50 as Powell, Mnuchin flash mixed signals — Octa](https://feedsoft.ai/events/50380-usd-jpy-keeps-recent-gains-around-104-50-as-powell-mnuchin-flash-mixed-signals.md) | -1.2% | -1.5% |
| DXY | 2025-10-30 | [Dollar hands back some gains after Fed meeting; euro looks to ECB By Investing.com](https://feedsoft.ai/events/22616-dollar-hands-back-some-gains-after-fed-meeting-euro-looks-to-ecb-by-investing.md) | +1.1% | +0.4% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2021/06/01/usd-jpy-looks-to-extend-gains-beyond-109-60-ahead-of-us-pmi/

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