# FOREX-Yen perks up, dollar sags as markets jittery before Trump speaks on China | Business

> The yen rose against major currencies on Friday as traders grew cautious ahead of President Trump's press conference on China's treatment of Hong Kong. The dollar drifted lower against the euro and pound, and the yen gained 0.5% to 107.09 per dollar.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/53366-forex-yen-perks-up-dollar-sags-as-markets-jittery-before-trump-speaks-on-china
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency moves of this kind affect the purchasing power of importers of US feed commodities and the dollar index that shapes export competitiveness; a risk-off dollar rally would tend to weigh on dollar-denominated grain prices.

## Read by commodity

- DXY: neutral
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-31 | [China's yuan firms despite dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/18093-china-s-yuan-firms-despite-dollar-rebound-markets-business-recorder.md) | -0.6% | +1.6% |
| DXY | 2021-02-23 | [Dollar bounces off six-week low as traders prepare for Powell - Markets - Business Recorder](https://feedsoft.ai/events/10598-dollar-bounces-off-six-week-low-as-traders-prepare-for-powell-markets-business.md) | +0.5% | +1.0% |
| DXY | 2023-05-12 | [Dollar keeps gains as traders bet Fed headed for a pause - Markets - Business Recorder](https://feedsoft.ai/events/36144-dollar-keeps-gains-as-traders-bet-fed-headed-for-a-pause-markets-business.md) | +0.9% | +0.3% |
| DXY | 2021-03-19 | [Dollar pauses as traders weigh Fed's dovish stance - Markets - Business Recorder](https://feedsoft.ai/events/48315-dollar-pauses-as-traders-weigh-fed-s-dovish-stance-markets-business-recorder.md) | +1.1% | -0.1% |
| DXY | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | +0.5% | -0.3% |

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/business/1070455-forex-yen-perks-up-dollar-sags-as-markets-jittery-before-trump-speaks-on-china

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