# USD/JPY Fundamental Daily Forecast – One-Week Yen Volatility Against Dollar Jumps to Seven Month High

> One-week yen volatility against the dollar rose to a seven-month high as investors bought yen for protection ahead of the November 3 US election. USD/JPY traded near 104.22 after the Bank of Japan cut its fiscal-year growth forecast to a 5.5% contraction.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/50872-usd-jpy-fundamental-daily-forecast-one-week-yen-volatility-against-dollar-jumps
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Election-related safe-haven demand pushed the yen stronger, which affects the yen cost of dollar-priced feed imports. Higher volatility raises hedging costs for Japanese importers but does not directly move grain supply or demand.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/usd-jpy-fundamental-daily-forecast-one-week-yen-volatility-against-dollar-jumps-to-seven-month-high-680483

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