# USD/JPY: Yen loses ground on Japan political woes, back above 111.00 — Octa

> USD/JPY held above 111.00 after volatile trade on Japanese data and renewed political pressure on Prime Minister Abe. Japan's CPI beat expectations but retail sales disappointed.

- Date: 2017-07-28 · published 2017-07-28T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/70213-usd-jpy-yen-loses-ground-on-japan-political-woes-back-above-111-00-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Political uncertainty in Japan weakens the yen, which can modestly raise the yen cost of imported feed for Japanese buyers. Commodity price impact is minimal.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/471398/

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