# Yen gains as risk sentiment sours - The Business Times

> The yen gained and the Australian dollar fell after President Trump threatened new tariffs on China over the coronavirus outbreak and said the trade deal was now secondary. The Chinese yuan weakened to 7.1378 per dollar.

- Date: 2020-05-03 · published 2020-05-03T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/53372-yen-gains-as-risk-sentiment-sours-the-business-times
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Threatened new tariffs on China raise the risk of renewed trade disruption for US farm exports, which is bearish for soybeans and other US feed grains, while the yuan weakening adds to pressure on Chinese import demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-22 | [Xi gains upper hand before Trump summit after US tariff reversal - The Business Times](https://feedsoft.ai/events/14603-xi-gains-upper-hand-before-trump-summit-after-us-tariff-reversal-the-business.md) | +1.7% | +2.1% |
| SOY | 2018-07-31 | [US dollar pressures yuan, Australian dollar on tariff reports - The Business Times](https://feedsoft.ai/events/64306-us-dollar-pressures-yuan-australian-dollar-on-tariff-reports-the-business-times.md) | +0.3% | -4.6% |
| SOY | 2018-09-24 | [Yen gets fleeting bid as China cancels trade talks - The HinduBusinessLine](https://feedsoft.ai/events/63280-yen-gets-fleeting-bid-as-china-cancels-trade-talks-the-hindubusinessline.md) | -0.2% | +1.1% |
| SOY | 2019-12-09 | [Aussie, yuan cede ground as trade deadline looms; pound jumps \| The Business Standard](https://feedsoft.ai/events/8449-aussie-yuan-cede-ground-as-trade-deadline-looms-pound-jumps-the-business.md) | +2.0% | +5.1% |
| SOY | 2025-08-26 | [$8 Soybeans? That's the Reality for Some Farmers as China Remains Absent From Buying - AgWeb](https://feedsoft.ai/events/23364-8-soybeans-that-s-the-reality-for-some-farmers-as-china-remains-absent-from.md) | +0.0% | -1.3% |
| CORN | 2026-04-12 | [Soybeans hit two-week high as soymeal jumps - Markets - Business Recorder](https://feedsoft.ai/events/11663-soybeans-hit-two-week-high-as-soymeal-jumps-markets-business-recorder.md) | +1.7% | +3.2% |
| CORN | 2019-07-15 | [Exporting U.S. Ag Is Big Business](https://feedsoft.ai/events/58067-exporting-u-s-ag-is-big-business.md) | -2.6% | -7.4% |
| CORN | 2026-03-17 | [Chicago soybeans fall - Markets - Business Recorder](https://feedsoft.ai/events/5794-chicago-soybeans-fall-markets-business-recorder.md) | +1.4% | -1.4% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/yen-gains-risk-sentiment-sours

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