# Dollar Pushes Yen Close to 110 in Thin Holiday Trade - ActionForex

> USD/JPY traded at 109.36 on May 28 after touching 109.86 in Asian trade, close to the 110 level. Japan's services producer price index rose 0.9% in April, the strongest gain since September. Markets were thin because of the US holiday, and attention was on the possible Trump-Kim summit.

- Date: 2018-05-28 · published 2018-05-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/65276-dollar-pushes-yen-close-to-110-in-thin-holiday-trade-actionforex
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Stronger Japanese inflation data supports the case for eventual BOJ policy normalization, which can strengthen the yen. The effect on feed commodity prices is minimal.

## Read by commodity

- USDJPY: neutral

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/98968-dollar-pushes-yen-close-to-110-in-thin-holiday-trade/

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