# Yen hits November 2016 highs after Japanese growth data

> The yen rose to its highest level against the dollar since November 2016 on safe-haven demand and weak Japanese data. Japan's fourth-quarter 2017 GDP grew 0.1% quarter on quarter, below the expected 0.2%, and 0.5% year on year, below the forecast 1%. USD/JPY fell to around 107 as stocks in Japan and Asia declined.

- Date: 2018-02-14 · published 2018-02-14T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/66745-yen-hits-november-2016-highs-after-japanese-growth-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Weak Japanese growth and safe-haven flows weakened the dollar, a mild bullish signal for dollar-priced commodities. Traders were also awaiting US inflation data that could affect Fed rate-hike expectations.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-04-22 | [Japanese yen hits 7-month high as dollar tumbles-Xinhua](https://feedsoft.ai/events/25371-japanese-yen-hits-7-month-high-as-dollar-tumbles-xinhua.md) | +0.3% | +0.1% |
| DXY | 2026-05-01 | [Dollar tumbles after Japanese intervention boosts yen](https://feedsoft.ai/events/19967-dollar-tumbles-after-japanese-intervention-boosts-yen.md) | -0.6% | +0.2% |
| DXY | 2020-08-28 | [Dollar extends losses; yen hits new highs after Abe resignation](https://feedsoft.ai/events/51845-dollar-extends-losses-yen-hits-new-highs-after-abe-resignation.md) | -0.5% | +1.0% |
| DXY | 2023-11-01 | [Yen rises after Japan ramps up intervention warning; US data weighs on dollar By Reuters](https://feedsoft.ai/events/33398-yen-rises-after-japan-ramps-up-intervention-warning-us-data-weighs-on-dollar-by.md) | -1.4% | -2.9% |
| DXY | 2026-02-01 | [Yen jumps in broad hit to dollar as Japan intervention risks grow](https://feedsoft.ai/events/21292-yen-jumps-in-broad-hit-to-dollar-as-japan-intervention-risks-grow.md) | +0.3% | +0.7% |

## Sources

- economies.com: https://www.economies.com/forex/news/yen-hits-november-2016-highs-after-japanese-growth-data-21888

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