# Yen drops despite weak dollar

> The Japanese yen fell on Tuesday even as the US dollar weakened. Investors turned to precious metals as safe havens ahead of the US presidential debate, and USD/JPY traded near 105.6.

- Date: 2020-09-29 · published 2020-09-29T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/51340-yen-drops-despite-weak-dollar
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen against the dollar raises the cost of dollar-priced US feed ingredients for Japanese buyers, a mild bullish signal for USD/JPY.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- economies.com: https://www.economies.com/forex/usd-jpy-news/yen-drops-despite-weak-dollar-36058

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