# USD/JPY remains positive above 107.00 after Japan GDP, Fed's Powell - Forex Crunch

> USD/JPY traded near 107.25 after Japan's Q1 GDP fell 0.9% and Fed Chair Powell said the Fed has room to act and the economy could recover fairly soon. S&P 500 futures rose 0.7%.

- Date: 2020-05-18 · published 2020-05-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53374-usd-jpy-remains-positive-above-107-00-after-japan-gdp-fed-s-powell-forex-crunch
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Risk-on sentiment from Fed commentary tends to support broad commodity prices, but the effect on feed markets is small and indirect.

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/05/18/usd-jpy-remains-positive-above-107-00-after-japan-gdp-feds-powell/

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