# The dollar/yen is within striking distance of a key level

> The dollar/yen pair held near the 111.0 support level after a post-holiday week opened with calm FX trade. Traders saw the greenback's weakness as a bad sign for dollar bulls, with doubts about the Fed's 2018 rate path weighing on the dollar.

- Date: 2017-11-27 · published 2017-11-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68206-the-dollar-yen-is-within-striking-distance-of-a-key-level
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar weakness tends to support dollar-priced commodities, but this is routine FX commentary with no new supply or demand driver for feed. Feed buyers would see only a minor effect.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2017/11/27/the-dollaryen-is-within-striking-distance-of-a-key-level.html

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