# Dollar at 8-week high vs yen on US economic optimism - The HinduBusinessLine

> The dollar rose to an eight-week high against the yen at 114.14 after the Fed signaled likely rate hikes and US economic optimism. The yen had firmed the prior session after Trump fired FBI Director Comey. The article's dateline is May 11, though the page shows a 2018 update timestamp.

- Date: 2017-05-11 · published 2017-05-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71232-dollar-at-8-week-high-vs-yen-on-us-economic-optimism-the-hindubusinessline
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar strength against the yen and expected US rate hikes can weigh on dollar-priced commodities, though the direct feed price impact is small.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-20 | [Dollar hits 3-week high on New York Fed president's comments - The HinduBusinessLine](https://feedsoft.ai/events/70706-dollar-hits-3-week-high-on-new-york-fed-president-s-comments-the.md) | +0.0% | -2.1% |
| DXY | 2021-03-31 | [Dollar hits new one-year high to yen on US pandemic recovery optimism - Markets - Business Recorder](https://feedsoft.ai/events/48352-dollar-hits-new-one-year-high-to-yen-on-us-pandemic-recovery-optimism-markets.md) | -0.9% | -2.0% |
| DXY | 2023-09-26 | [Rupee falls on month-end dollar demand, higher US yields - The HinduBusinessLine](https://feedsoft.ai/events/34390-rupee-falls-on-month-end-dollar-demand-higher-us-yields-the-hindubusinessline.md) | +0.8% | +1.3% |
| DXY | 2018-04-27 | [Dollar set for best weekly gain since Nov 2016 on yield bets - The HinduBusinessLine](https://feedsoft.ai/events/65734-dollar-set-for-best-weekly-gain-since-nov-2016-on-yield-bets-the.md) | +0.7% | +1.9% |
| DXY | 2024-05-29 | [Rupee seen extending declines on higher US yields; dollar at 2-week high - The Pound Hub](https://feedsoft.ai/events/30564-rupee-seen-extending-declines-on-higher-us-yields-dollar-at-2-week-high-the.md) | +1.1% | +2.3% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-hits-8-week-high-vs-yen-kiwi-tumbles-as-central-bank-surprises-on-outlook/article64268427.ece

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