# Yen surges after Trump trade salvo wipes out dollar rally

> The yen hit a one-month high against the dollar and multi-year highs against antipodean currencies after Trump broke a truce in the Sino-US trade war. Safe-haven demand rose as markets priced in escalation.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57809-yen-surges-after-trump-trade-salvo-wipes-out-dollar-rally
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Escalation of US-China tariffs threatens soybean and grain export demand and pressures commodity-exporter currencies, which can weigh on feed-grain prices.

## Read by commodity

- DXY: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-01 | [Dollar falls against yen after Trump whacks China with more tariffs \| Reuters](https://feedsoft.ai/events/57813-dollar-falls-against-yen-after-trump-whacks-china-with-more-tariffs-reuters.md) | -1.8% | -1.3% |
| SOY | 2019-12-18 | [U.S. grains: Prices slip after rallying on trade deal - Grainews](https://feedsoft.ai/events/9218-u-s-grains-prices-slip-after-rallying-on-trade-deal-grainews.md) | +0.8% | -0.5% |
| SOY | 2025-03-04 | [Dollar Slides as Trade-War Risk Drives Investors to Other Havens](https://feedsoft.ai/events/9709-dollar-slides-as-trade-war-risk-drives-investors-to-other-havens.md) | +0.2% | +1.7% |
| SOY | 2018-04-06 | [US oil closes 2.3% lower after Trump's latest China trade threats](https://feedsoft.ai/events/10843-us-oil-closes-2-3-lower-after-trump-s-latest-china-trade-threats.md) | +2.9% | +1.2% |
| SOY | 2016-11-16 | [Grain exports slide after Trump win \| The Gazette](https://feedsoft.ai/events/12241-grain-exports-slide-after-trump-win-the-gazette.md) | +4.1% | +3.5% |
| CORN | 2019-12-18 | [U.S. grains: Prices slip after rallying on trade deal - Grainews](https://feedsoft.ai/events/9218-u-s-grains-prices-slip-after-rallying-on-trade-deal-grainews.md) | -0.1% | -1.9% |
| CORN | 2019-05-31 | [Peso plunges vs the US dollar after Trump announces Mexican import tariffs](https://feedsoft.ai/events/59297-peso-plunges-vs-the-us-dollar-after-trump-announces-mexican-import-tariffs.md) | -2.5% | +3.0% |
| CORN | 2025-03-04 | [Dollar Slides as Trade-War Risk Drives Investors to Other Havens](https://feedsoft.ai/events/9709-dollar-slides-as-trade-war-risk-drives-investors-to-other-havens.md) | +3.2% | +4.7% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/yen-surges-after-trump-trade-salvo-wipes-out-dollar-rally-idUSL4N24X64P/

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