# Yen Dips as US GDP Accelerates in Q3 - ActionForex

> The yen dipped on Wednesday, with USD/JPY near 111.84, after Japanese retail sales fell 0.2%. US third-quarter GDP was reported at 3.3%, matching forecasts, and Fed Chair designate Powell said the case was building for a December rate hike.

- Date: 2017-11-29 · published 2017-11-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/68215-yen-dips-as-us-gdp-accelerates-in-q3-actionforex
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US growth and expectations of Fed tightening support the dollar against the yen, which raises dollar-priced import costs in Japan. The direct effect on feed prices is small.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-26 | [Dollar edges up as US economic growth accelerates](https://feedsoft.ai/events/33870-dollar-edges-up-as-us-economic-growth-accelerates.md) | +0.0% | -2.9% |
| DXY | 2019-07-28 | [USD/JPY Forecast July 29-August 2 - Yen slips as U.S. GDP beats forecast - Forex Crunch](https://feedsoft.ai/events/58323-usd-jpy-forecast-july-29-august-2-yen-slips-as-u-s-gdp-beats-forecast-forex.md) | +0.6% | +1.5% |
| DXY | 2020-10-29 | [Euro Down after ECB, Oil Tumbles, Dollar and Yen Rise - ActionForex](https://feedsoft.ai/events/50842-euro-down-after-ecb-oil-tumbles-dollar-and-yen-rise-actionforex.md) | -0.5% | -2.2% |
| DXY | 2026-03-26 | [US Dollar Surge Defies Usual Drivers as AUD/USD Unwind Accelerates \| Investing.com](https://feedsoft.ai/events/20411-us-dollar-surge-defies-usual-drivers-as-aud-usd-unwind-accelerates-investing-com.md) | -0.0% | -1.3% |
| DXY | 2017-08-31 | [Dollar Maintaining Data Inspired Gains, Yen Broadly Lower as Risk Aversion Eased - ActionForex](https://feedsoft.ai/events/69643-dollar-maintaining-data-inspired-gains-yen-broadly-lower-as-risk-aversion-eased.md) | -1.4% | +0.8% |

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/60361-yen-dips-as-us-gdp-accelerates-in-q3/

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