# USD/JPY breaks above 109.00 as yen slides ahead of FOMC statement — Octa

> USD/JPY rose above 109.00 and peaked at 109.17 ahead of the FOMC statement, as the yen weakened and US yields rose. A stronger-than-expected ADP report showing 234K private jobs added did little to support the dollar.

- Date: 2018-01-31 · published 2018-01-31T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/67211-usd-jpy-breaks-above-109-00-as-yen-slides-ahead-of-fomc-statement-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

This is a routine currency move with no new fundamental shock for feed commodities. Its effect on grain and meal prices is minimal.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/535880/

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