# Trump Trouble: USD/JPY remains on the back foot - Forex Crunch

> The dollar remained on the back foot against the yen after Trump's travel ban triggered protests and criticism, and the firing of acting Attorney General Sally Yates. The Bank of Japan's unchanged policy was seen as unremarkable. Technical support sits near 113 yen, with resistance around 114 to 115.3.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/73229-trump-trouble-usd-jpy-remains-on-the-back-foot-forex-crunch
- 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 weakness driven by US political turmoil is a modest tailwind for dollar-priced commodities, though it is not a supply or demand change for feed markets.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-28 | [EUR/USD: Central banks to favor the euro - Forex Crunch](https://feedsoft.ai/events/54804-eur-usd-central-banks-to-favor-the-euro-forex-crunch.md) | -0.5% | +4.3% |
| DXY | 2020-03-02 | [EUR/USD defies gravity on relentless unwind of the carry trade - Forex Crunch](https://feedsoft.ai/events/6186-eur-usd-defies-gravity-on-relentless-unwind-of-the-carry-trade-forex-crunch.md) | -0.8% | +4.0% |
| DXY | 2019-12-31 | [USD/JPY consolidates near three-week lows, around 108.70 - Forex Crunch](https://feedsoft.ai/events/55797-usd-jpy-consolidates-near-three-week-lows-around-108-70-forex-crunch.md) | +0.2% | +0.6% |
| DXY | 2020-08-28 | [USD: Fed has set up the dollar for further weakness - MUFG - Forex Crunch](https://feedsoft.ai/events/51792-usd-fed-has-set-up-the-dollar-for-further-weakness-mufg-forex-crunch.md) | -0.5% | +1.0% |
| DXY | 2024-08-02 | [Forecasting the Coming Week: Focus remains on data and rate cut bets](https://feedsoft.ai/events/9289-forecasting-the-coming-week-focus-remains-on-data-and-rate-cut-bets.md) | -0.3% | -1.3% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2017/01/31/trump-trouble-usdjpy-remains-back-foot/

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