# Explosion in forex volatility cheers some, bruises others as virus fears drive swings

> Currency markets saw some of their most dramatic moves since the financial crisis as virus fears drove swings. The Japanese yen rose 5% against the dollar between the prior Thursday and Monday, its largest gain in that span.

- Date: 2020-03-11 · published 2020-03-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/10778-explosion-in-forex-volatility-cheers-some-bruises-others-as-virus-fears-drive
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Heightened forex volatility raises hedging costs and uncertainty for importers and exporters of feed commodities, but the article reports currency moves without a direct link to grain or meal supply.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-03-30 | [FOREX-Euro rises as inflation takes centre stage, bank fears recede \| Kitco News](https://feedsoft.ai/events/37075-forex-euro-rises-as-inflation-takes-centre-stage-bank-fears-recede-kitco-news.md) | -0.4% | -0.3% |
| DXY | 2022-05-23 | [EUR/USD Soars as Lagarde Talks Up Hikes, Says ECB Will Exit Negative Rates in Q3 \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/12692-eur-usd-soars-as-lagarde-talks-up-hikes-says-ecb-will-exit-negative-rates-in-q3.md) | -0.9% | +1.1% |
| DXY | 2022-03-30 | [Euro rises vs dollar as eurozone inflation fans rate hike expectations \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/42468-euro-rises-vs-dollar-as-eurozone-inflation-fans-rate-hike-expectations-money.md) | +0.1% | +2.9% |
| DXY | 2021-03-11 | [Dollar drops to one-week low as inflation fears fade; ECB in focus \| Financial Post](https://feedsoft.ai/events/48345-dollar-drops-to-one-week-low-as-inflation-fears-fade-ecb-in-focus-financial-post.md) | -0.4% | -0.3% |
| DXY | 2021-07-27 | [USD/JPY Drops on Haven Flows as Traders Brace for FOMC \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/46302-usd-jpy-drops-on-haven-flows-as-traders-brace-for-fomc-forex-trading-free-forex.md) | -0.5% | +0.6% |

## Sources

- reuters.com: https://www.reuters.com/article/us-health-coronavirus-fx/explosion-in-forex-volatility-cheers-some-bruises-others-as-virus-fears-drive-swings-idUSKBN20Y3B4/

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