Yen gains, yuan falls as Hong Kong tensions heighten risk aversion

After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.

• Jan 19, 2017S.Korean won falls as Yellen signals rate hike; stocks edge up | Reuters-0.4%
• Jul 31, 2026Dollar slips against yen as intervention risks drag | Reuters-0.1%
• Oct 31, 2024Dollar falls against yen, US data leaves rate cut hopes intact | Reuters+0.7%
• Sep 11, 2026Dollar holds gains, yen slips as Mideast energy shock deepens | Reuters+1.1%
• Feb 23, 2026Dollar weakens as US tariffs struck down, Iran tensions rise | Reuters-0.1%

After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.

• Feb 3, 2020China's yuan weakens but falling yen points to risk recovery+1.2%
• Aug 25, 2022Inflation-hit world cheers China’s falling yuan | Reuters+0.5%
• Dec 3, 2024CNY/USD: China’s Yuan Falls to One-Year Low on Tariff Risk, Dollar Gains - Bloomberg-0.2%
• Sep 3, 2019Most Asian units slip as trade tensions weigh, Indian rupee falls most-0.5%
• Jul 30, 2018China's falling yuan stokes currency tensions+0.3%