# USD/JPY consolidates above 112 in tandem with DXY — Octa

> USD/JPY held above 112 and tracked the broad dollar index after the pair met buyers near 111.70. Trump's remarks about punishing currency manipulators and upbeat Chinese PMI data shaped sentiment, and traders awaited US PCE and consumer sentiment data.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/72237-usd-jpy-consolidates-above-112-in-tandem-with-dxy-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Routine currency moves like this have little direct effect on feed prices, but a stronger dollar tends to pressure dollar-priced commodities.

## Read by commodity

- USDJPY: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/426370/

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