# Dollar dips vs yen as investors reach for safe havens on virus scare

> The US dollar slipped against the Japanese yen on January 24 as investors sought safe havens over fears that the spreading coronavirus would curb travel and hurt demand. The CDC confirmed a second US case in Chicago and said as many as 63 potential cases were being investigated. The dollar was near an eight-week high against the euro.

- Date: 2020-01-24 · published 2020-01-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55319-dollar-dips-vs-yen-as-investors-reach-for-safe-havens-on-virus-scare
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Virus-driven risk aversion is weighing on demand expectations and currency flows, which can pressure US export competitiveness and feed into broader commodity sentiment. For feed buyers the effect is indirect, mainly through weaker demand outlook for energy and metals.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-27 | [Won plummets as investors flock to safe-haven dollar](https://feedsoft.ai/events/34360-won-plummets-as-investors-flock-to-safe-haven-dollar.md) | +1.1% | +1.1% |
| DXY | 2022-09-22 | [Loonie slides after Fed rate hike as investors retreat to safe haven of U.S. dollar \| Advisor.ca](https://feedsoft.ai/events/39818-loonie-slides-after-fed-rate-hike-as-investors-retreat-to-safe-haven-of-u-s.md) | +1.9% | +1.8% |
| DXY | 2020-09-09 | [Dollar and yen rise as tech selloff sends investors to safety \| Financial Post](https://feedsoft.ai/events/51342-dollar-and-yen-rise-as-tech-selloff-sends-investors-to-safety-financial-post.md) | -0.7% | -0.2% |
| DXY | 2019-03-01 | [Dollar recovers, hits 10-week high vs yen, as bigger yields lure investors \| Malay Mail](https://feedsoft.ai/events/60326-dollar-recovers-hits-10-week-high-vs-yen-as-bigger-yields-lure-investors-malay.md) | +1.1% | +0.9% |
| DXY | 2017-01-27 | [Canadian dollar weakens as oil falls, investors brace for Poloz](https://feedsoft.ai/events/73216-canadian-dollar-weakens-as-oil-falls-investors-brace-for-poloz.md) | -1.2% | -1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/01/24/forex-markets-european-central-bank-coronavirus-japanese-yen-in-focus.html

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