# USD/JPY bounces off 1-1/2 month lows, still weaker around mid-110.00s — Octa

> USD/JPY dropped to 1.5-month lows in early Asian trade on Monday after North Korea's latest ICBM test and a strong rebound in Japanese industrial production. The pair then recovered 20-25 pips to trade near 110.50 after softer US Q2 GDP data.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/70209-usd-jpy-bounces-off-1-1-2-month-lows-still-weaker-around-mid-110-00s-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen moves against the dollar have little direct bearing on feed grain or meal prices, but a stronger yen can reduce the local-currency cost of US feed imports for Japanese buyers.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/472110/

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