# Yen strengthens against dollar ahead of BoJ decision - The HinduBusinessLine

> The yen strengthened slightly against the dollar on July 31 ahead of the Bank of Japan decision, which was expected to include the first policy tweaks since 2016. The dollar had eased more than 2% from a six-month high set on July 19. The BoJ had conducted special bond purchases to contain rising yields.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/64285-yen-strengthens-against-dollar-ahead-of-boj-decision-the-hindubusinessline
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A BoJ shift away from stimulus supports the yen and weighs on the dollar, which can modestly lift dollar-priced commodities. The effect on feed markets is indirect.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-31 | [Rupee gains on weak dollar - The HinduBusinessLine](https://feedsoft.ai/events/70270-rupee-gains-on-weak-dollar-the-hindubusinessline.md) | +0.3% | -0.5% |
| DXY | 2019-03-20 | [Dollar on defensive as market awaits Fed decision, euro edges up - The HinduBusinessLine](https://feedsoft.ai/events/60265-dollar-on-defensive-as-market-awaits-fed-decision-euro-edges-up-the.md) | +0.4% | +0.4% |
| DXY | 2023-12-22 | [Peso strengthens to best rate against the US dollar since August](https://feedsoft.ai/events/32933-peso-strengthens-to-best-rate-against-the-us-dollar-since-august.md) | -0.8% | +1.5% |
| DXY | 2020-03-02 | [Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine](https://feedsoft.ai/events/6185-dollar-takes-a-back-seat-as-markets-bet-on-fed-rate-cuts-the-hindubusinessline.md) | -0.8% | +4.0% |
| DXY | 2019-10-03 | [Dollar weakens vs yen as US economic worries, trade frictions intensify - The HinduBusinessLine](https://feedsoft.ai/events/56821-dollar-weakens-vs-yen-as-us-economic-worries-trade-frictions-intensify-the.md) | -0.2% | -1.7% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/yen-strengthens-against-dollar-ahead-of-boj-decision/article24559304.ece

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