# Dollar at 16-month peak, yen weakens as BOJ in no hurry to exit stimulus | Forex Trading Blog: News, Analysis & Trading Guides | FXCC

> The yen weakened against the dollar after the Bank of Japan kept its short-term rate at minus 0.1 percent and its 10-year yield target near zero, and cut its price forecasts. The dollar index climbed to a 16-month high of 97.06 on stronger U.S. economic data.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62769-dollar-at-16-month-peak-yen-weakens-as-boj-in-no-hurry-to-exit-stimulus-forex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firm dollar and a dovish BOJ pressure emerging-market currencies and make dollar-priced commodities more expensive for importers, which tends to weigh on feed demand and prices.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-03 | [U.S. dollar rises versus peers as FX traders reduce their bets on rate cuts, sterling falls as Bank of England keeps base rate unchanged, but voices fears over Brexit. \| Forex Trading Blog: News, Analysis & Trading Guides \| FXCC](https://feedsoft.ai/events/59330-u-s-dollar-rises-versus-peers-as-fx-traders-reduce-their-bets-on-rate-cuts.md) | +0.2% | +1.0% |
| DXY | 2025-07-31 | [Yen rises after BOJ decision; dollar eyes first monthly gain this year — TradingView News](https://feedsoft.ai/events/24004-yen-rises-after-boj-decision-dollar-eyes-first-monthly-gain-this-year.md) | -0.7% | -0.6% |
| DXY | 2025-10-31 | [AUD/USD weakens to near 0.6540 as US Dollar trades firmly](https://feedsoft.ai/events/22663-aud-usd-weakens-to-near-0-6540-as-us-dollar-trades-firmly.md) | +0.3% | -0.2% |
| DXY | 2023-09-26 | [Yen weakens past 149 to dollar, nearing 1-year low - Nikkei Asia](https://feedsoft.ai/events/34349-yen-weakens-past-149-to-dollar-nearing-1-year-low-nikkei-asia.md) | +0.8% | +1.3% |
| DXY | 2022-05-17 | [US Dollar Index: Three reasons why DXY is unlikely to peak yet – BofA: Analytics and Market news from 17 May 2022 08:03](https://feedsoft.ai/events/41622-us-dollar-index-three-reasons-why-dxy-is-unlikely-to-peak-yet-bofa-analytics.md) | -1.6% | +0.8% |

## Sources

- blog.fxcc.com: https://blog.fxcc.com/dollar-at-16-month-peak-yen-weakens-as-boj-in-no-hurry-to-exit-stimulus

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