# Sell USD/JPY Rallies | Exchange Rates UK

> The yen surged on May 29 in a risk-off session that also lifted it against the dollar, pushing it to fresh yearly lows against the euro and pound. Maybank strategists recommended selling dollar/yen on bounces. They cited a fall in 10-year US Treasury yields to 2.93% and weak support for Prime Minister Abe's cabinet.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/65272-sell-usd-jpy-rallies-exchange-rates-uk
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen with weaker US yields lowers USD/JPY, which affects the yen value of Japanese dollar-priced purchases. The impact on feed commodity prices is minimal.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/21821/sell-usd-jpy-rallies.html

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