# Dollar hits new one-year high to yen on US pandemic recovery optimism - Markets - Business Recorder

> The dollar hit a fresh one-year high against the yen and held near multi-month peaks against other currencies on Wednesday. Traders cited expected US fiscal stimulus, accelerated vaccinations and a jump in US Treasury yields, with the dollar index holding above 93.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48352-dollar-hits-new-one-year-high-to-yen-on-us-pandemic-recovery-optimism-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer dollar and higher US yields tend to pressure dollar-priced agricultural commodities and can make import-dependent feed purchases in yen and other weak currencies more expensive.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |
| DXY | 2017-05-11 | [Dollar at 8-week high vs yen on US economic optimism - The HinduBusinessLine](https://feedsoft.ai/events/71232-dollar-at-8-week-high-vs-yen-on-us-economic-optimism-the-hindubusinessline.md) | -1.2% | -2.0% |
| DXY | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | +1.4% | +1.0% |
| DXY | 2023-01-20 | [Dollar surges against the yen as nerves fray over economic outlook - Markets - Business Recorder](https://feedsoft.ai/events/38010-dollar-surges-against-the-yen-as-nerves-fray-over-economic-outlook-markets.md) | -0.5% | +0.7% |
| DXY | 2022-09-28 | [Palm hits lowest in over 1-1/2 years as recession fears dent demand - Markets - Business Recorder](https://feedsoft.ai/events/39674-palm-hits-lowest-in-over-1-1-2-years-as-recession-fears-dent-demand-markets.md) | -1.8% | -1.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40079660

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