# Yen declines on year-end US dollar demand - The HinduBusinessLine

> The dollar rose against the yen on Tuesday as Japanese companies bought dollars for fiscal year-end, while the yuan held firm after a surprise expansion in China's manufacturing PMI. The dollar index was near 99.5 and the dollar hit 108.38 yen.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54320-yen-declines-on-year-end-us-dollar-demand-the-hindubusinessline
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar against major currencies generally pressures dollar-denominated grain and oilseed prices, though the effect here is driven by routine year-end flows rather than a new shock.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/dollar-up-but-yuan-sluggish-as-traders-sceptical-of-china-pmi-bounce/article31214079.ece

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