# USD/JPY turns negative near 113.70 ahead of GDP - Forex Crunch

> USD/JPY fell to around 113.70 as US 10-year yields eased from recent highs near 3.06%. Traders were looking ahead to a revised US third-quarter GDP reading and a speech by Fed Chair Powell. The pair was also watching the upcoming Trump-Xi meeting at the G20.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/62284-usd-jpy-turns-negative-near-113-70-ahead-of-gdp-forex-crunch
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

This is routine currency commentary with no new supply or demand shock for feed commodities. The yen move matters to feed buyers only indirectly through Japanese import costs.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/11/28/usd-jpy-turns-negative-near-113-70-ahead-of-gdp/

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