# USD/JPY tests 2-week lows near 109.20, as Trump intensifies global trade war - Forex Crunch

> USD/JPY dropped about 40 pips to near 109.22 after Trump imposed new tariffs on Mexico, which renewed risk-off sentiment across Asian markets. The yen was bid despite weak Japanese inflation data, and the pair was seen at risk of breaking support near 109.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region Japan · magnitude low
- Page: https://feedsoft.ai/events/59306-usd-jpy-tests-2-week-lows-near-109-20-as-trump-intensifies-global-trade-war
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Escalating trade-war fears drive safe-haven flows and pressure risk assets, which can weigh on commodity prices. The yen move reflects sentiment rather than a direct change in feed supply or demand.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/05/31/usd-jpy-tests-2-week-lows-near-109-20-as-trump-intensifies-global-trade-war/

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