# USD/JPY holds weaker below 106.00 handle, US GDP in focus — Octa

> USD/JPY held below 106.00 as investors favored the yen's safe-haven status amid US-China trade uncertainty and the inverted US yield curve. Traders awaited revised US Q2 GDP data, and a BoJ board member said Japan did not need further easing.

- Date: 2019-08-29 · published 2019-08-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/57810-usd-jpy-holds-weaker-below-106-00-handle-us-gdp-in-focus-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Persistent trade uncertainty supports safe-haven currencies and dampens dollar strength, which is a secondary factor for export-oriented commodity demand and feed-grain pricing.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-29 | [USD/JPY consolidates below 110.00 ahead of US critical data — Octa](https://feedsoft.ai/events/46299-usd-jpy-consolidates-below-110-00-ahead-of-us-critical-data-octa.md) | -0.3% | +0.4% |
| DXY | 2026-09-01 | [Gold ticks up on weaker dollar, Warsh's Jackson Hole speech in focus](https://feedsoft.ai/events/17808-gold-ticks-up-on-weaker-dollar-warsh-s-jackson-hole-speech-in-focus.md) | -0.6% | +2.1% |
| DXY | 2024-05-31 | [AUD/USD recovers as weaker US GDP sparks US yields drop — Octa](https://feedsoft.ai/events/30529-aud-usd-recovers-as-weaker-us-gdp-sparks-us-yields-drop-octa.md) | +0.3% | +1.8% |
| DXY | 2021-08-31 | [USD/CAD hangs near two-week lows, below 1.2600 mark ahead of Canadian GDP — Octa](https://feedsoft.ai/events/45795-usd-cad-hangs-near-two-week-lows-below-1-2600-mark-ahead-of-canadian-gdp-octa.md) | -0.2% | +0.9% |
| DXY | 2020-07-29 | [USD/JPY seen lower at 102.00 in next two months – Scotiabank — Octa](https://feedsoft.ai/events/52348-usd-jpy-seen-lower-at-102-00-in-next-two-months-scotiabank-octa.md) | +0.4% | -0.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/742275/

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