# USD/JPY Forecast July 29-August 2 - Yen slips as U.S. GDP beats forecast - Forex Crunch

> The dollar posted its sharpest weekly gain since February against the yen, and US durable goods orders and Q2 GDP beat forecasts. Markets priced a 78% chance of a Federal Reserve rate cut, the first since 2008.

- Date: 2019-07-28 · published 2019-07-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/58323-usd-jpy-forecast-july-29-august-2-yen-slips-as-u-s-gdp-beats-forecast-forex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US data and a firmer dollar weigh on dollar-priced commodities, though the link to feed prices is indirect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-11-27 | [USD/JPY: Yield spreads favor yen appreciation - CIBC - Forex Crunch](https://feedsoft.ai/events/50381-usd-jpy-yield-spreads-favor-yen-appreciation-cibc-forex-crunch.md) | -1.2% | -1.5% |
| DXY | 2025-10-31 | [USD/JPY Price Forecast: Yen steadies as RSI signals consolidation risk](https://feedsoft.ai/events/22645-usd-jpy-price-forecast-yen-steadies-as-rsi-signals-consolidation-risk.md) | +0.3% | -0.2% |
| DXY | 2016-11-16 | [EUR/USD: Justifiably Weaker On 2 Factors - Barclays - Forex Crunch](https://feedsoft.ai/events/9130-eur-usd-justifiably-weaker-on-2-factors-barclays-forex-crunch.md) | +0.6% | -0.0% |
| DXY | 2021-03-04 | [EUR/USD drops under 1.2000 as Powell send US bond yields flying - Forex Crunch](https://feedsoft.ai/events/11416-eur-usd-drops-under-1-2000-as-powell-send-us-bond-yields-flying-forex-crunch.md) | +0.7% | +0.9% |
| DXY | 2020-03-30 | [USD/CAD climbs to daily highs above 1.4150 as WTI extends slide below $20 - Forex Crunch](https://feedsoft.ai/events/54357-usd-cad-climbs-to-daily-highs-above-1-4150-as-wti-extends-slide-below-20-forex.md) | +1.6% | +1.4% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/07/28/usd-jpy-forecast-july-29-august-2-yen-slips/

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