# USD/JPY: The end of a beautiful relationship | snaps | ING THINK

> ING's FX strategy team says there is a real loss of confidence in the US dollar, particularly against the yen. The bank has cut its dollar-yen forecast because the pair has diverged from real interest rate differentials over the past month, and it expects that divergence to widen.

- Date: 2018-02-15 · published 2018-02-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/66743-usd-jpy-the-end-of-a-beautiful-relationship-snaps-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A sustained decline in the dollar would support dollar-priced grains and oilseeds. The impact on feed prices depends on whether the move persists.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-17 | [FX Talking: The beginning of the end of the dollar’s rally \| reports \| ING THINK](https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think.md) | -0.9% | -1.1% |
| DXY | 2021-08-24 | [The Commodities Feed: USD provides a boost to the complex \| snaps \| ING THINK](https://feedsoft.ai/events/12116-the-commodities-feed-usd-provides-a-boost-to-the-complex-snaps-ing-think.md) | -0.6% | -0.1% |
| DXY | 2021-08-27 | [The Commodities Feed: USD holds the market back \| snaps \| ING THINK](https://feedsoft.ai/events/45481-the-commodities-feed-usd-holds-the-market-back-snaps-ing-think.md) | -0.9% | -0.0% |
| DXY | 2019-12-05 | [USD: A different kind of decline \| articles \| ING THINK](https://feedsoft.ai/events/55761-usd-a-different-kind-of-decline-articles-ing-think.md) | -0.5% | -1.5% |
| DXY | 2018-02-01 | [Happy Chinese Yuan \| snaps \| ING THINK](https://feedsoft.ai/events/66715-happy-chinese-yuan-snaps-ing-think.md) | +0.9% | +1.7% |

## Sources

- think.ing.com: https://think.ing.com/snaps/usd-jpy-the-end-of-a-beautiful-relationship/

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