# USD/JPY keeps recent gains around 104.50 as Powell, Mnuchin flash mixed signals — Octa

> USD/JPY held near 104.40-104.50 on Monday-Tuesday after snapping a four-day losing streak, as the dollar bounced from a multi-month low. Fed Chair Powell and Treasury Secretary Mnuchin gave mixed signals on stimulus, and risk assets retreated.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50380-usd-jpy-keeps-recent-gains-around-104-50-as-powell-mnuchin-flash-mixed-signals
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar index generally pressures dollar-denominated grain and oilseed prices, but the move is a short-term currency wobble with limited direct effect on feed costs.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-30 | [USD/JPY remains directionless near 110.50 post mixed Japan data — Octa](https://feedsoft.ai/events/46840-usd-jpy-remains-directionless-near-110-50-post-mixed-japan-data-octa.md) | +0.8% | +0.8% |
| DXY | 2021-06-25 | [USD/JPY pauses gain near 111.00 posts mixed US data — Octa](https://feedsoft.ai/events/46843-usd-jpy-pauses-gain-near-111-00-posts-mixed-us-data-octa.md) | +0.4% | +1.0% |
| DXY | 2020-05-19 | [USD/JPY: Bulls in control again, correction recent pressures — Octa](https://feedsoft.ai/events/53375-usd-jpy-bulls-in-control-again-correction-recent-pressures-octa.md) | -1.1% | -2.6% |
| DXY | 2019-09-18 | [Fed cuts interest rates again, gives mixed signals on next move \| Financial Post](https://feedsoft.ai/events/56974-fed-cuts-interest-rates-again-gives-mixed-signals-on-next-move-financial-post.md) | +0.2% | -0.3% |
| DXY | 2017-07-27 | [USD narrowly mixed after the FOMC statement - BBH — Octa](https://feedsoft.ai/events/70155-usd-narrowly-mixed-after-the-fomc-statement-bbh-octa.md) | -0.6% | -0.5% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/866681/

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