# USD/JPY Rises As COVID-19 Resurgence Could Trigger Double-Dip Recession

> The Japanese yen weakened against the dollar on Tuesday as analysts warned of a possible double-dip recession from rising COVID-19 infections. The BoJ kept its policy unchanged and said it would not hesitate to add easing if needed. Tokyo, Osaka and two other areas were under a third two-week state of emergency.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/47847-usd-jpy-rises-as-covid-19-resurgence-could-trigger-double-dip-recession
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen and renewed recession risk raise the yen cost of dollar-priced feed imports for Japanese buyers. The impact on global feed prices is small.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- fxdailyreport.com: https://fxdailyreport.com/usd-jpy-rises-as-covid-19-resurgence-could-trigger-double-dip-recession/

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