# Bank Of Japan A Sideshow For US Dollar To Yen Exchange Rate As Risk On Rally Continues   | Exchange Rates UK

> USD/JPY had risen more than 3% from the prior week's lows, lifted by risk-on sentiment after the first round of the French election and by Trump's tax proposals. The BoJ kept its monetary policy unchanged as expected, and the yen was broadly unchanged on the decision. The pair was trading near 111.4 and held its 200-day moving average.

- Date: 2017-04-27 · published 2017-04-27T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/71723-bank-of-japan-a-sideshow-for-us-dollar-to-yen-exchange-rate-as-risk-on-rally
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Risk-on flows and policy expectations are driving the yen lower against the dollar. This is routine currency price action with no direct effect on feed commodity supply or demand.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17920/bank-of-japan-sideshow-for-dollar-to-yen-exchange-rate.html

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