# USD/JPY Tests 110.00 Handle, UniCredit Call For Downside Regardless Of North Korea

> USD/JPY tested the 110.00 level after a weaker dollar on US jobs data, and Scotiabank and UniCredit analysts see continued yen strength. Analysts note that markets have largely shrugged off North Korean tensions.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/69682-usd-jpy-tests-110-00-handle-unicredit-call-for-downside-regardless-of-north
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer yen lowers the dollar's relative strength, which can support dollar-denominated commodity prices, while the rate moves matter for Japanese feed importers' costs.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-01-31 | [USD/JPY slides into 146.00 after Fed holds rates, Powell leaves the door open for rate cuts](https://feedsoft.ai/events/32360-usd-jpy-slides-into-146-00-after-fed-holds-rates-powell-leaves-the-door-open.md) | +0.3% | +0.4% |
| DXY | 2019-08-29 | [USD/JPY holds weaker below 106.00 handle, US GDP in focus — Octa](https://feedsoft.ai/events/57810-usd-jpy-holds-weaker-below-106-00-handle-us-gdp-in-focus-octa.md) | -0.3% | -0.1% |
| DXY | 2021-07-29 | [USD/JPY consolidates below 110.00 ahead of US critical data — Octa](https://feedsoft.ai/events/46299-usd-jpy-consolidates-below-110-00-ahead-of-us-critical-data-octa.md) | -0.3% | +0.4% |
| DXY | 2025-06-30 | [USD/JPY hovers near 144.00, weighs down by growing expectations of Fed rate cuts](https://feedsoft.ai/events/24465-usd-jpy-hovers-near-144-00-weighs-down-by-growing-expectations-of-fed-rate-cuts.md) | -0.0% | +0.8% |
| DXY | 2020-03-02 | [EUR/USD defies gravity on relentless unwind of the carry trade - Forex Crunch](https://feedsoft.ai/events/6186-eur-usd-defies-gravity-on-relentless-unwind-of-the-carry-trade-forex-crunch.md) | -0.8% | +4.0% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/18935/fx-tip-more-usd-jpy-upside-north-korea.html

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