# Yen surged against global currencies after 'flash crash'

> 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.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61337-yen-surged-against-global-currencies-after-flash-crash
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2019/01/03/yen-surges-against-global-currencies-after-flash-crash.html

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