# Yen falls on weak economic data

> The Japanese yen fell against most currencies on Tuesday after weak Japanese data showed unemployment rising to 2.9% in May and industrial production falling 8.4%. USD/JPY rose 0.3% to 107.9 amid fears over a second coronavirus wave.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/52847-yen-falls-on-weak-economic-data
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen reflects softer Japanese industrial demand, which slightly reduces feed-related import demand in Asia. The move has little direct effect on feed commodity prices.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- economies.com: https://www.economies.com/forex/usd-jpy-news/yen-falls-on-weak-economic-data-34864

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