# USD/JPY pares early gains, turns flat below 109 ahead of US data — Octa

> The USD/JPY pair stalled near 109 on January 31 as investors kept favoring the yen amid coronavirus concerns. The US Dollar Index traded below 98 ahead of US PCE inflation and personal income data. Treasury yields were falling in risk-averse trade.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/55320-usd-jpy-pares-early-gains-turns-flat-below-109-ahead-of-us-data-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven flows and falling Treasury yields signal softer global growth expectations, a mild headwind for energy and commodity demand. The move is a routine currency wrap with limited direct effect on feed prices.

## Read by commodity

- DXY: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/793648/

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