# USD/JPY Fundamental Daily Forecast – Japanese Yen Weakens as Risk Sentiment Improves on Powell Comments | FXEmpire

> The Japanese yen weakened against the dollar as U.S. stocks recovered after Fed Chair Jerome Powell said inflation concerns were overblown and that accommodative policy would remain for some time. USD/JPY traded near 105.49 early Wednesday.

- Date: 2021-02-24 · published 2021-02-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/48874-usd-jpy-fundamental-daily-forecast-japanese-yen-weakens-as-risk-sentiment
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer dollar against the yen reflects FX and rate-driven moves rather than grain fundamentals; for feed buyers it has only indirect influence on Japanese import costs for US feed grains and meal.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/usd-jpy-fundamental-daily-forecast-japanese-yen-weakens-as-risk-sentiment-improves-on-powell-comments-701804

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