# US Dollar-to-Yen Exchange Rate Uptrend To Continue To Be Supported By BoJ Policy | Exchange Rates UK

> The dollar weakened on Monday after the FBI indicted Paul Manafort and Rick Gates, with USD/JPY falling near 113 after failing at resistance around 114. The article expects the BoJ and Fed to keep policy largely unchanged.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/68683-us-dollar-to-yen-exchange-rate-uptrend-to-continue-to-be-supported-by-boj
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A softer dollar and yen trend give mild support to dollar-denominated grain and meal prices, but the effect is small against the rate outlook.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-30 | [Pound To Dollar Rate Forecast: Could A Dovish BoE Weigh On GBP/USD Rates This Week? \| Exchange Rates UK](https://feedsoft.ai/events/51866-pound-to-dollar-rate-forecast-could-a-dovish-boe-weigh-on-gbp-usd-rates-this.md) | +0.1% | +1.4% |
| DXY | 2020-08-28 | [FED Sparks Currency Rate Moves, Dollar Pares Losses, Pound-Dollar Dips From 2020 Best \| Exchange Rates UK](https://feedsoft.ai/events/51869-fed-sparks-currency-rate-moves-dollar-pares-losses-pound-dollar-dips-from-2020.md) | -0.5% | +1.0% |
| DXY | 2017-03-16 | [Why Did The US Dollar Fall Despite FED Hike? \| Exchange Rates UK](https://feedsoft.ai/events/72192-why-did-the-us-dollar-fall-despite-fed-hike-exchange-rates-uk.md) | -1.3% | -1.2% |
| DXY | 2023-04-14 | [Ringgit continues to strengthen vs US dollar](https://feedsoft.ai/events/36680-ringgit-continues-to-strengthen-vs-us-dollar.md) | +0.6% | +0.5% |
| DXY | 2020-11-05 | [Pound-Dollar Rate Rallies 1% As BoE Fails To Mention Negative Interest Rates \| Exchange Rates UK](https://feedsoft.ai/events/50419-pound-dollar-rate-rallies-1-as-boe-fails-to-mention-negative-interest-rates.md) | -0.8% | -2.9% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/19508/usdjpy-best-us-dollar-to-japanese-yen-5day-news-and-currency-forecast.html

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