# USD/JPY Tests 111.35 Before Correcting - Japanese Yen Exchange Rates Continue To Suffer From Risk-on Trade

> USD/JPY climbed above 111.30 on May 21 before easing back toward 111 on May 22. Easing US-North Korea tensions and signs of a US-China trade understanding reduced the risk premium in markets. The 10-year US Treasury yield reached 3.128%, a seven-year high.

- Date: 2018-05-23 · published 2018-05-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/65275-usd-jpy-tests-111-35-before-correcting-japanese-yen-exchange-rates-continue-to
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Rising US yields and reduced haven demand pushed the dollar higher against the yen, which lifts yen-denominated costs of dollar-priced imports. Feed commodity prices are not directly affected.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/21722/japanese-yen-continues-to-suffer-from-riskon-environment.html

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