# Yen declines on year-end U.S. dollar demand | Financial Post

> The dollar rose 0.52% to 108.38 yen on March 31 as Japanese companies created fiscal year-end dollar demand. The Chinese yuan held firm after an official survey showed Chinese manufacturing returned to expansion in March. The dollar was the quarter's biggest gainer against a basket of currencies.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/54348-yen-declines-on-year-end-u-s-dollar-demand-financial-post
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar funding strains and currency moves affect the cost of imported feed ingredients and the financing of trade in grain and meal. Currency swings of this size have only a modest direct effect on feed commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-19 | [U.S. dollar, yen climb as Delta variant crushes risk sentiment \| Financial Post](https://feedsoft.ai/events/46301-u-s-dollar-yen-climb-as-delta-variant-crushes-risk-sentiment-financial-post.md) | +0.4% | +0.0% |
| DXY | 2020-09-23 | [Currencies slip as dollar gains on safe-haven demand, rand drops 1% \| Financial Post](https://feedsoft.ai/events/51393-currencies-slip-as-dollar-gains-on-safe-haven-demand-rand-drops-1-financial-post.md) | +0.8% | -1.4% |
| DXY | 2021-02-02 | [Dollar stands tall on better U.S. outlook vs Europe \| Financial Post](https://feedsoft.ai/events/48853-dollar-stands-tall-on-better-u-s-outlook-vs-europe-financial-post.md) | -0.3% | +0.1% |
| DXY | 2021-05-31 | [Dollar near 2-month high vs yen, U.S. inflation beats expectations \| Financial Post](https://feedsoft.ai/events/47351-dollar-near-2-month-high-vs-yen-u-s-inflation-beats-expectations-financial-post.md) | -0.2% | +1.1% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/yen-declines-on-year-end-u-s-dollar-demand

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