# USD/JPY trades in red below 108.50 as 10-year US T-bond yield erases more than 2% - Forex Crunch

> USD/JPY traded below 108.50 as the yen gained on safe-haven demand after the US Senate approved the Hong Kong human rights bill. A Reuters report said Trump was demanding deep concessions from China for tariff rollbacks.

- Date: 2019-11-20 · published 2019-11-20T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/56312-usd-jpy-trades-in-red-below-108-50-as-10-year-us-t-bond-yield-erases-more-than
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Heightened trade friction and Trump's demands for concessions reduce near-term prospects for Chinese agricultural purchases.

## Read by commodity

- SOY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-04-30 | [USD/JPY extends recovery gains above 107.00 as US Pres. Trump renews trade war fears - Forex Crunch](https://feedsoft.ai/events/53861-usd-jpy-extends-recovery-gains-above-107-00-as-us-pres-trump-renews-trade-war.md) | -0.2% | +1.8% |
| SOY | 2019-08-01 | [Crude Ends Week Lower After Largest Dip in More Than Four Years - Bloomberg](https://feedsoft.ai/events/8493-crude-ends-week-lower-after-largest-dip-in-more-than-four-years-bloomberg.md) | -1.8% | -1.3% |
| SOY | 2024-02-08 | [US farm exports hit three-year low in 2023 as China slows buying](https://feedsoft.ai/events/14771-us-farm-exports-hit-three-year-low-in-2023-as-china-slows-buying.md) | -1.6% | -2.7% |
| SOY | 2019-08-27 | [Forex markets: US-China trade tensions in focus](https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus.md) | +0.3% | +4.7% |
| SOY | 2019-06-02 | [Crude posts worst May in seven years as trade-war anxiety builds](https://feedsoft.ai/events/11593-crude-posts-worst-may-in-seven-years-as-trade-war-anxiety-builds.md) | -2.4% | +2.5% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/11/20/usd-jpy-trades-in-red-below-108-50-as-10-year-us-t-bond-yield-erases-more-than-2/

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