# USD/JPY a sell here? Dollar is strong for 'bad' reasons - Nomura — Octa

> Nomura said the dollar's bounce this week, with US 10-year yields above 3%, was driven by rising commodity prices from geopolitical tensions rather than growth. It recommended selling dollars against the safe-haven yen.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65738-usd-jpy-a-sell-here-dollar-is-strong-for-bad-reasons-nomura-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising commodity prices from geopolitical tension can lift input costs for feed buyers. The analysis points to yen weakness as a hedge against a dollar that may reverse.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-03-02 | [Optimism for USD – Nomura — Octa](https://feedsoft.ai/events/66194-optimism-for-usd-nomura-octa.md) | -0.6% | -0.8% |
| DXY | 2021-06-28 | [USD/JPY remains strong above 110.80 amid higher US Treasury yields — Octa](https://feedsoft.ai/events/46841-usd-jpy-remains-strong-above-110-80-amid-higher-us-treasury-yields-octa.md) | +0.5% | +1.1% |
| DXY | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | +0.7% | +1.5% |
| DXY | 2025-02-28 | [The latest Australian dollar sell-off is a red flag for the economy - ABC News](https://feedsoft.ai/events/26332-the-latest-australian-dollar-sell-off-is-a-red-flag-for-the-economy-abc-news.md) | -1.5% | -1.3% |
| DXY | 2023-06-01 | [Why is the US dollar so strong again?](https://feedsoft.ai/events/35846-why-is-the-us-dollar-so-strong-again.md) | -0.9% | -1.2% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/562757/

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