# US dollar extends gain against yen after best month since 1995

> The US dollar posted its best monthly gain against the yen in two decades, rising to 114.74 yen. The move followed higher Treasury yields, strong jobs and income data, and speculation about a December Fed rate hike. Trump's Treasury secretary pick was also cited as supporting a strong-dollar outlook.

- Date: 2016-11-30 · published 2016-11-30T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/74082-us-dollar-extends-gain-against-yen-after-best-month-since-1995
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A sustained dollar rally reduces the competitiveness of US feed grain and meal exports against Brazilian and Argentine supplies, which can soften US export demand and prices.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-16 | [Dollar hits 5-month high against euro; yen weakest since 1990](https://feedsoft.ai/events/30942-dollar-hits-5-month-high-against-euro-yen-weakest-since-1990.md) | +0.5% | -0.3% |
| DXY | 2024-04-25 | [Dollar sags after mixed US growth and inflation report, except against yen](https://feedsoft.ai/events/30903-dollar-sags-after-mixed-us-growth-and-inflation-report-except-against-yen.md) | +0.1% | -1.1% |
| DXY | 2022-05-01 | [Dollar slips, but posts best month since 2015](https://feedsoft.ai/events/42033-dollar-slips-but-posts-best-month-since-2015.md) | +0.3% | -1.0% |
| DXY | 2016-11-30 | [Dollar surges to 8-1/2-month high against yen on OPEC deal](https://feedsoft.ai/events/74079-dollar-surges-to-8-1-2-month-high-against-yen-on-opec-deal.md) | -0.6% | +1.3% |
| DXY | 2018-11-13 | [Ringgit ends lower against US dollar \| FMT](https://feedsoft.ai/events/62311-ringgit-ends-lower-against-us-dollar-fmt.md) | -0.4% | -0.2% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/us-dollar-extends-gain-against-yen-after-best-month-1995

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