# Why coronavirus-fuelled yen strength is not an indication of Japan’s economic health | South China Morning Post

> The yen strengthened in the week to March 3 as a safe haven during the coronavirus equity sell-off. Much of the move reflected unwinding of yen-funded positions in US equities rather than confidence in Japan's economy. The article warns that supply chain disruption and lower tourism will hit Japan's economy hard.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/54353-why-coronavirus-fuelled-yen-strength-is-not-an-indication-of-japan-s-economic
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency moves from position unwinding are short-lived and do not signal stronger Japanese demand for imports. For feed buyers, the story is about the yen and not about the underlying demand for feed.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- scmp.com: https://www.scmp.com/comment/opinion/article/3064629/why-coronavirus-fuelled-yen-strength-not-indication-japans-economic

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