# Yen soars after 'flash crash', China worries - The HinduBusinessLine

> The yen surged to be poised for its biggest daily gain in 20 months on January 3 as concerns about the global economy, especially China, drove investors into safe-haven assets. The dollar fell as low as 104.10 yen before recovering to about 107.54. Apple's sales forecast cut, citing slowing iPhone sales in China, triggered the early slide.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/61342-yen-soars-after-flash-crash-china-worries-the-hindubusinessline
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Growing concern over China's economy can reduce expected Chinese imports of feed ingredients. Sharp yen moves also change dollar-based import costs for Asian buyers.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/yen-soars-aussie-tumbles-as-fresh-growth-worries-trigger-fx-flash-crash/article25896228.ece

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