# USD/JPY sticking close to week's opening prices on thin volumes — Octa

> USD/JPY traded near 109.15 on Monday, with thin volumes due to Japan's Showa holiday long weekend. Markets awaited US Core PCE data, and the pair had closed higher for five straight weeks.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/65737-usd-jpy-sticking-close-to-week-s-opening-prices-on-thin-volumes-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Thin holiday trading produces little signal for commodity prices. The pair's bullish trend reflects dollar strength on US rate expectations.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/563571/

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