# Yen climbs off three-week trough versus dollar

> The yen rebounded from a three-week low against the dollar on August 27, 2018, with USD/JPY at 111.07. Fed Chair Powell had called for further gradual rate hikes at Jackson Hole, and markets were awaiting a second-quarter US GDP revision.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/63766-yen-climbs-off-three-week-trough-versus-dollar
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Dollar moves tied to Fed policy shape the cost of dollar-priced feed ingredients for importers. The direct effect on feed prices in this session is small.

## Sources

- economies.com: https://www.economies.com/forex/usd-jpy-news/yen-climbs-off-three-week-trough-versus-dollar-24215

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