# US dollar rises to one-year high against Japan's yen | The Straits Times

> The US dollar reached a one-year high against the yen on Wednesday and stayed near multi-month highs against other currencies. The move was tied to fiscal stimulus hopes, vaccination progress and rising US bond yields, and consumer confidence rose to its highest since the pandemic began.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48355-us-dollar-rises-to-one-year-high-against-japan-s-yen-the-straits-times
- 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 stronger dollar tends to weigh on dollar-denominated grain and oilseed prices and raises import costs for buyers in weaker-currency markets.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-11 | [Forex markets: Dollar hits more than 2-year high against yen](https://feedsoft.ai/events/44794-forex-markets-dollar-hits-more-than-2-year-high-against-yen.md) | -0.5% | -0.7% |
| DXY | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | -0.4% | -1.2% |
| DXY | 2021-11-23 | [Dollar Surges to Four-Year High Against Yen on Faster Hike Bets - Bloomberg](https://feedsoft.ai/events/44277-dollar-surges-to-four-year-high-against-yen-on-faster-hike-bets-bloomberg.md) | +0.5% | +0.4% |
| DXY | 2022-04-25 | [U.S. dollar rises to two-year high; yuan tumbles \| Reuters](https://feedsoft.ai/events/4945-u-s-dollar-rises-to-two-year-high-yuan-tumbles-reuters.md) | +1.2% | +1.1% |
| DXY | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | -0.6% | +1.3% |

## Sources

- straitstimes.com: https://www.straitstimes.com/business/economy/us-dollar-rises-to-one-year-high-against-japans-yen

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