# Yen falls to one-week low with G20 summit in focus

> The yen fell to a one-week low against the dollar as safe-haven demand eased on hopes for a US-China trade deal ahead of the G20 meeting in Osaka. Mnuchin said the trade agreement was 90% complete, and reports suggested a tentative truce.

- Date: 2019-06-27 · published 2019-06-27T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/58838-yen-falls-to-one-week-low-with-g20-summit-in-focus
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced safe-haven demand strengthens the dollar against the yen, which can make US exports less competitive. Trade-deal optimism also supports expectations of resumed US soybean and grain purchases by China.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-01 | [The Bank of Japan may have limited tools to deal with the weak yen, but that's not its focus](https://feedsoft.ai/events/42074-the-bank-of-japan-may-have-limited-tools-to-deal-with-the-weak-yen-but-that-s.md) | +0.3% | -1.0% |
| DXY | 2020-10-29 | [Euro falls to four-week low as ECB flags easing in December \| Financial Post](https://feedsoft.ai/events/50839-euro-falls-to-four-week-low-as-ecb-flags-easing-in-december-financial-post.md) | -0.5% | -2.2% |
| DXY | 2018-11-10 | [Gold falls to one-month low as Fed affirms rate-hiking stance](https://feedsoft.ai/events/61962-gold-falls-to-one-month-low-as-fed-affirms-rate-hiking-stance.md) | -0.4% | -0.2% |
| DXY | 2022-06-13 | [Euro sharpens decline to four-week low](https://feedsoft.ai/events/9635-euro-sharpens-decline-to-four-week-low.md) | +1.0% | +2.9% |
| DXY | 2026-09-29 | [Euro Weakens Further to Over One-Year Low](https://feedsoft.ai/events/17696-euro-weakens-further-to-over-one-year-low.md) | +0.5% | +0.8% |

## Sources

- economies.com: https://www.economies.com/forex/news/yen-falls-to-one-week-low-with-g20-summit-in-focus-29660

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