# USD JPY continues to surge on weak yen ahead of key economic events

> USD/JPY rose sharply over two weeks because of yen weakness linked to reduced safe-haven demand, not dollar strength. ADP data showed 177,000 private jobs added in April, in line with expectations.

- Date: 2017-05-03 · published 2017-05-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71228-usd-jpy-continues-to-surge-on-weak-yen-ahead-of-key-economic-events
- 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 stronger dollar against the yen can weigh on dollar-priced commodities in yen terms, but the effect on feed prices is limited.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-29 | [Dollar peaks against yen ahead of US election and economic data \| Reuters](https://feedsoft.ai/events/28079-dollar-peaks-against-yen-ahead-of-us-election-and-economic-data-reuters.md) | -0.2% | +2.1% |
| DXY | 2018-04-23 | [US Treasury yields tick higher ahead of economic data](https://feedsoft.ai/events/65436-us-treasury-yields-tick-higher-ahead-of-economic-data.md) | +0.9% | +3.3% |
| DXY | 2021-05-28 | [USD/JPY set to retest 110 ahead of US data — Octa](https://feedsoft.ai/events/47355-usd-jpy-set-to-retest-110-ahead-of-us-data-octa.md) | -0.1% | +1.0% |
| DXY | 2021-11-16 | [Asian Open: USD/JPY Hits a 3-Year High Ahead of Japan’s Trade Data](https://feedsoft.ai/events/44281-asian-open-usd-jpy-hits-a-3-year-high-ahead-of-japan-s-trade-data.md) | +0.9% | +1.4% |
| DXY | 2017-08-30 | [The US Dollar To Yen Rate To Climb As "Continued Fade Of This Week?s Risk-off Move Favors Near-Term JPY Weakness" \| Exchange Rates UK](https://feedsoft.ai/events/69684-the-us-dollar-to-yen-rate-to-climb-as-and-quot-continued-fade-of-this-week-s.md) | -0.6% | +0.9% |

## Sources

- forex.com: https://www.forex.com/en-ca/news-and-analysis/usd-jpy-continues-to-surge-on-weak-yen-ahead-of-key-economic-events/

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