Loading…
The yen jumped about 4% to near 104.80 per dollar late on January 2, 2019, in what traders called a flash crash in thin trading. The move followed Apple's cut to first-quarter guidance, which cited slowing China demand.
The yen was trading near 107.74 on Thursday morning.
The sudden currency swing reflects rising risk aversion over China's slowdown, which can weigh on Chinese demand for feed ingredients. Currency volatility also changes import costs for buyers in yen-based markets.
cnbc.comFred ImbertJan 3, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
