# USD/JPY Grinds Higher Above 106 But Is Yen's Upside Limited? | Exchange Rates UK

> USD/JPY rose above 106 as the yen weakened from its overbought levels. SEB analysts noted speculators cut net short yen positions sharply in mid-March, suggesting a defensive move as risk appetite improved.

- Date: 2018-03-29 · published 2018-03-29T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/66229-usd-jpy-grinds-higher-above-106-but-is-yen-s-upside-limited-exchange-rates-uk
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen moves reflect broader risk sentiment and dollar strength, which can marginally affect dollar-priced commodity demand from Japan and other Asian buyers.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/21121/usd-jpy-grinds-higher-above-106-but-is-yens-upside-limited.html

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