# USD/JPY set to retest 110 ahead of US data — Octa

> USD/JPY was on track to extend its prior-day gain and traded near 109.82 as the dollar rose toward 90 on the index. US 10-year yields rose to 1.61%, and jobless claims fell to a pandemic low of 406K. Durable goods orders fell unexpectedly in April, and the market was looking ahead to PCE inflation data.

- Date: 2021-05-28 · published 2021-05-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/47355-usd-jpy-set-to-retest-110-ahead-of-us-data-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

Rising US yields and a firmer dollar tend to weigh on dollar-priced commodities and can cut export competitiveness for US feed ingredients. The yen move adds only a small effect for Japan-linked buyers.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| DXY | 2021-11-16 | [Asian Open: USD/JPY Hits a 3-Year High Ahead of Japan’s Trade Data](https://feedsoft.ai/events/44281-asian-open-usd-jpy-hits-a-3-year-high-ahead-of-japan-s-trade-data.md) | +0.9% | +1.4% |
| DXY | 2023-08-31 | [USD/CAD delivers modest recovery ahead of core PCE Inflation data — Octa](https://feedsoft.ai/events/34817-usd-cad-delivers-modest-recovery-ahead-of-core-pce-inflation-data-octa.md) | +1.8% | +2.3% |
| DXY | 2024-05-31 | [USD/INR trims losses ahead of Indian GDP, US PCE data](https://feedsoft.ai/events/30562-usd-inr-trims-losses-ahead-of-indian-gdp-us-pce-data.md) | +0.3% | +1.8% |
| DXY | 2017-06-27 | [USD/JPY to target ¥118 by year-end – Deutsche Bank — Octa](https://feedsoft.ai/events/70725-usd-jpy-to-target-118-by-year-end-deutsche-bank-octa.md) | -0.3% | -2.2% |

## Sources

- octabroker.com: https://www.octabroker.com/markets/news/view/903380/

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