# USD JPY eyes potential breakout amid BoJ Fed decisions

> The Bank of Japan kept interest rates and its stimulus program unchanged but cut its inflation forecasts for 2017 and 2018. The dollar stayed supported ahead of the Fed's November meeting and expectations of a December hike.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/68681-usd-jpy-eyes-potential-breakout-amid-boj-fed-decisions
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Yen weakness and a firmer dollar tend to weigh on dollar-priced commodities and can make US exports less competitive, while a dovish BoJ supports the yen-carry pattern.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-31 | [Market Awaits Fed Interest Rate Decision, Rupiah Potential to Weaken](https://feedsoft.ai/events/29613-market-awaits-fed-interest-rate-decision-rupiah-potential-to-weaken.md) | -0.5% | -1.9% |
| DXY | 2024-01-30 | [Loonie Dips Amid US Dollar Strength; Eyes Fed Rate Decision, Economic Data](https://feedsoft.ai/events/32337-loonie-dips-amid-us-dollar-strength-eyes-fed-rate-decision-economic-data.md) | +0.4% | +0.1% |
| DXY | 2021-11-08 | [Outlook For Pound US Dollar Exchange Rate: GBP/USD Sinks On Fed And BoE Decisions](https://feedsoft.ai/events/44295-outlook-for-pound-us-dollar-exchange-rate-gbp-usd-sinks-on-fed-and-boe-decisions.md) | +0.5% | +1.6% |
| DXY | 2025-07-31 | [USD/JPY rallies further, nears 150.00 on the aftermath of BoJ’s decision](https://feedsoft.ai/events/24007-usd-jpy-rallies-further-nears-150-00-on-the-aftermath-of-boj-s-decision.md) | -0.7% | -0.6% |
| DXY | 2018-10-31 | [USDJPY remains supported amid growing BoJ and Fed policy divergence](https://feedsoft.ai/events/62770-usdjpy-remains-supported-amid-growing-boj-and-fed-policy-divergence.md) | -0.6% | -0.0% |

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/usd-jpy-eyes-potential-breakout-amid-boj-fed-decisions/

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