# Japanese Yen Steady, Housing Report Sparkles - ActionForex

> USD/JPY traded at 108.62 on May 31, down about 0.26% on the day. Japanese housing starts rose 0.3%, ending nine straight monthly declines. Commentary said the Federal Reserve projects two more rate hikes in 2018 and may be moving toward neutral policy.

- Date: 2018-05-31 · published 2018-05-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/65273-japanese-yen-steady-housing-report-sparkles-actionforex
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations for Fed tightening relative to the Bank of Japan's easy policy support the dollar against the yen over time. Feed buyers see little direct effect from these data points.

## Read by commodity

- USDJPY: neutral

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/100202-japanese-yen-steady-housing-report-sparkles/

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