# Japan begins to unwind dominant position in dollar swaps with Fed | Reuters

> Wall Street stock indexes closed firmer on Friday, with the Nasdaq and S&P 500 reaching record highs. New data showing US labor market weakness raised expectations for interest rate cuts as early as September.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52846-japan-begins-to-unwind-dominant-position-in-dollar-swaps-with-fed-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower US rates and weaker labor data tend to weaken the dollar, which can support dollar-priced commodities and firm feed input demand from importers. The effect on grain and oilseed prices is indirect and modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-31 | [US Dollar: Post-Fed losses extend as positioning unwinds – ING](https://feedsoft.ai/events/8421-us-dollar-post-fed-losses-extend-as-positioning-unwinds-ing.md) | -0.1% | -1.1% |
| DXY | 2025-12-22 | [Japan's yen rises vs dollar on intervention hints; US dollar slumps \| Reuters](https://feedsoft.ai/events/21744-japan-s-yen-rises-vs-dollar-on-intervention-hints-us-dollar-slumps-reuters.md) | -0.5% | -0.7% |
| DXY | 2026-02-04 | [U.S. dollar rebound to be cut short by rate cut bets, doubts over Fed independence: Reuters poll \| Reuters](https://feedsoft.ai/events/20836-u-s-dollar-rebound-to-be-cut-short-by-rate-cut-bets-doubts-over-fed.md) | -0.4% | +0.9% |
| DXY | 2022-09-09 | [Dollar slides as investors balance positions ahead of U.S. inflation data \| Reuters](https://feedsoft.ai/events/39800-dollar-slides-as-investors-balance-positions-ahead-of-u-s-inflation-data-reuters.md) | +0.2% | +2.1% |
| DXY | 2026-10-21 | [Dollar dips as traders wait on Fed; Aussie gains By Reuters](https://feedsoft.ai/events/650-dollar-dips-as-traders-wait-on-fed-aussie-gains-by-reuters.md) | +0.5% | — |

## Sources

- reuters.com: https://www.reuters.com/article/us-japan-markets-fed-idUSKBN23Q1KY/

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