# USD/JPY extends recovery gains above 107.00 as US Pres. Trump renews trade war fears - Forex Crunch

> USD/JPY rose above 107.00 as US President Trump threatened tariffs on China over the handling of the coronavirus outbreak and said the trade deal had been upset. Risk aversion and fears of a global recession supported the dollar.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/53861-usd-jpy-extends-recovery-gains-above-107-00-as-us-pres-trump-renews-trade-war
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Renewed US-China trade tension threatens export demand for US farm products, which is bearish for soybeans and corn, while a stronger dollar pressures commodity prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-11-20 | [USD/JPY trades in red below 108.50 as 10-year US T-bond yield erases more than 2% - Forex Crunch](https://feedsoft.ai/events/56312-usd-jpy-trades-in-red-below-108-50-as-10-year-us-t-bond-yield-erases-more-than.md) | -3.0% | +1.9% |
| SOY | 2019-05-30 | [Yen Remains Weak On US-China Trade Uncertainty \| Forex News](https://feedsoft.ai/events/59309-yen-remains-weak-on-us-china-trade-uncertainty-forex-news.md) | -0.3% | +2.6% |
| SOY | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.5% | -0.1% |
| SOY | 2018-08-01 | [EM ASIA FX-Most Asian currencies tread water as Fed eyed amid trade war fears](https://feedsoft.ai/events/63792-em-asia-fx-most-asian-currencies-tread-water-as-fed-eyed-amid-trade-war-fears.md) | -1.6% | -9.2% |
| SOY | 2018-04-03 | [MARKET WATCH: NYMEX, Brent crude prices drop on US-China trade tensions \| Oil & Gas Journal](https://feedsoft.ai/events/10844-market-watch-nymex-brent-crude-prices-drop-on-us-china-trade-tensions-oil-and.md) | +1.1% | +0.2% |
| CORN | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.9% | +3.1% |
| CORN | 2018-11-11 | [US ethanol producers feeling the pinch from Trump trade war](https://feedsoft.ai/events/62049-us-ethanol-producers-feeling-the-pinch-from-trump-trade-war.md) | -6.7% | +0.1% |
| CORN | 2025-02-26 | [Mexican Peso tumbles on trade war fears, US high yields boost USD](https://feedsoft.ai/events/26263-mexican-peso-tumbles-on-trade-war-fears-us-high-yields-boost-usd.md) | -6.0% | -0.4% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/05/01/usd-jpy-extends-recovery-gains-above-107-00-as-us-pres-trump-renews-trade-war-fears/

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