# Yen Surges After Apple Upsets the Currency Cart

> The dollar fell as much as 3.7% against the yen after Apple issued a weaker-than-expected sales forecast following the close of U.S. markets. The move was largely retraced in later trading, with the pair down 1.1% at 107.63 when European markets opened. Traders cited thin liquidity and a jump in retail currency trading volume.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61336-yen-surges-after-apple-upsets-the-currency-cart
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The move was driven by thin trading rather than a lasting shift in fundamentals, so its effect on feed commodity prices is limited. It does signal fragile sentiment that could shift dollar-based commodity pricing.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- wsj.com: https://www.wsj.com/articles/yen-surges-against-dollar-11546474234

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