# To avoid a 'flash crash', FX traders drop yen shorts and run bare

> Yen shorts were unwound by FX traders ahead of the Fed's April 30-May 1 meeting, after stop-loss sales pushed the dollar down nearly four yen in a short period. Trading liquidity was shallow.

- Date: 2019-04-24 · published 2019-04-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59763-to-avoid-a-flash-crash-fx-traders-drop-yen-shorts-and-run-bare
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Sharp currency swings around the Fed meeting add volatility to dollar-priced commodity markets, though the direct feed price impact is limited.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/article/markets/stocks/to-avoid-a-flash-crash-fx-traders-drop-yen-shorts-and-run-bare-idUSKCN1S00Z3/

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