# Box B: The Recent Japanese Yen Flash Event | Statement on Monetary Policy – February 2019 | RBA

> The RBA's February 2019 Statement on Monetary Policy describes the January 3 yen flash event, when the yen rose sharply against the dollar during thin Asian trading. The Australian dollar also fell sharply in that period. Prices and liquidity recovered quickly with no systemic effects.

- Date: 2019-02-10 · published 2019-02-10T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/60816-box-b-the-recent-japanese-yen-flash-event-statement-on-monetary-policy-february
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The episode is a currency market-structure event with no direct link to feed commodity supply or demand, so its price effect on feed inputs is negligible.

## Sources

- rba.gov.au: https://www.rba.gov.au/publications/smp/2019/feb/box-b-the-recent-japanese-yen-flash-event.html

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