# Yen backpedals on hopes of easing U.S.-China trade tensions

> The dollar held firm against the yen on Friday after comments from Beijing sparked hopes of easing US-China trade tensions. Month-end rebalancing lifted the dollar index to a one-month high.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57762-yen-backpedals-on-hopes-of-easing-u-s-china-trade-tensions
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Easing trade tension hopes support risk sentiment and soybean demand expectations, while the firmer dollar is a modest headwind for dollar-priced grains.

## Read by commodity

- DXY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/yen-backpedals-on-hopes-of-easing-us-china-trade-tensions-idUSL3N25Q089/

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