# Yen Strengthens On Global Trade Concerns As Recession Fears Build | Exchange Rates UK

> The yen weakened against major peers on May 30 as investors took profits after its rally on trade-war safe-haven demand. Attention turned to the upcoming second estimate of US first-quarter GDP, which was expected at 3.1%.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/59308-yen-strengthens-on-global-trade-concerns-as-recession-fears-build-exchange
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A strong US GDP print could improve risk appetite and support the dollar against the yen. The effect on feed markets is indirect and limited to broader macro sentiment.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25977/japanese-yen-soars-on-global-trade-concerns-as-recession-fears-build.html

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