# Yen climbs on safe-haven appeal amid China growth fears

> The yen rallied against the dollar and euro on January 3, 2019, as investors sought safe-haven assets after Apple's sales warning deepened concerns about a Chinese and global slowdown. The dollar fell about 0.95% to 107.84 yen. The yen had gained more than 5% over five weeks.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61335-yen-climbs-on-safe-haven-appeal-amid-china-growth-fears
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen and weaker dollar shift the dollar-denominated cost of commodities for Japanese buyers and can modestly ease dollar-based commodity prices. Risk-off moves tied to China growth worries also weigh on demand expectations for feed inputs.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2019/01/03/forex-markets-japanese-yen-australian-dollar-apple-in-focus.html

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