# USD/JPY climbs to session tops, inching back closer to 106.00 mark — Octa

> USD/JPY recovered toward 105.75 on Monday after a sharp rejection from 107.00 the previous week. Better-than-expected Chinese PMI data supported risk appetite, and yen weakness reflected expectations that Japan's next leader would continue Abenomics.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/51848-usd-jpy-climbs-to-session-tops-inching-back-closer-to-106-00-mark-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

This is routine currency market commentary driven by risk sentiment and has no direct supply or demand effect on feed commodities.

## Read by commodity

- USDJPY: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/846317/

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