# Japanese Yen - Big Breakout In USD/JPY Exchange Rate As Falling Stocks Support Yen | Exchange Rates UK

> USD/JPY broke below 111 as falling US stocks and lower crude prices weighed on risk sentiment and boosted the yen. Japanese exports rose 11.3 percent year on year, and large non-commercial yen short positions were being unwound.

- Date: 2017-03-23 · published 2017-03-23T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/72241-japanese-yen-big-breakout-in-usd-jpy-exchange-rate-as-falling-stocks-support
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A sharp yen rally lowers Japanese import costs for feed, while falling crude prices can reduce energy-linked input costs.

## Read by commodity

- WTI: bearish ▼
- USDJPY: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/17684/jpy-big-breakout-usd-jpy.html

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