# USD/JPY approaches 109.00 as Yen tumbles — Octa

> USD/JPY rose toward 109.00 as the yen weakened across the board during the London fix and US stocks rose. The pair reached its highest level since July 10 ahead of the BOJ decision and the FOMC meeting.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58321-usd-jpy-approaches-109-00-as-yen-tumbles-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Routine currency move with no new fundamental driver for agricultural commodities.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/730312/

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