# Will The US Dollar To Yen Exchange Rate Jump To 124 On US Tax Cuts | Exchange Rates UK

> Analysts at CBA Global Markets remain bullish on USD/JPY despite a roughly 7% decline this year, arguing US tax cuts and a weak yen could restart the rally. The article notes a retreat after the post-election spike and support near 110, with the 200-day moving average near 108.25.

- Date: 2017-03-29 · published 2017-03-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/72239-will-the-us-dollar-to-yen-exchange-rate-jump-to-124-on-us-tax-cuts-exchange
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of a stronger dollar against the yen would raise yen-based feed import costs for Japan, though the effect on feed prices would be modest.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17723/usd-jpy-us-dollar-japanese-yen-exchange-rate-news-and-outlook-week-ahead.html

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