# Japan's Nikkei sees biggest rout since 1987 Black Monday

> Japan's Nikkei share average fell 12.4% on August 5 in its largest one-day drop since 1987. The sell-off followed weak US jobs data, recession fears and the yen's rally to seven-month highs against the dollar. Investors were also unwinding positions funded by cheap yen.

- Date: 2024-08-05 · published 2024-08-05T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/29048-japan-s-nikkei-sees-biggest-rout-since-1987-black-monday
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Global risk-off moves from carry unwinds can pressure commodity prices and sentiment, especially for energy and industrial markets. The direct effect on feed grain and meal prices is limited.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/japans-nikkei-sees-biggest-rout-since-1987-black-monday-2024-08-05/

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