# Yen near nine-month low as China moves to help coronavirus-hit firms - The Japan Times

> The yen traded near a nine-month low against the dollar as risk appetite improved on expectations that China would take more steps to ease the economic impact of the COVID-19 outbreak. The yuan weakened after China cut its benchmark loan prime rate.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/54799-yen-near-nine-month-low-as-china-moves-to-help-coronavirus-hit-firms-the-japan
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness mainly affects Japanese import costs and has limited direct effect on feed grain prices. Broader risk sentiment from Chinese stimulus can modestly support commodity demand.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- japantimes.co.jp: https://www.japantimes.co.jp/news/2020/02/20/business/financial-markets/yen-yuan/

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