# Yen gets fleeting bid as China cancels trade talks - The HinduBusinessLine

> The yen briefly strengthened on Monday after China cancelled trade talks with the United States, just as a new round of 10% US tariffs on $200 billion of Chinese goods took effect. China also summoned the US ambassador and postponed military talks over US sanctions on a Chinese military agency. The early moves were thin and mostly reversed as the session progressed.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63280-yen-gets-fleeting-bid-as-china-cancels-trade-talks-the-hindubusinessline
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Cancelled talks and new tariffs raise the risk of prolonged Chinese retaliation against US farm goods, which weighs on US soybean export demand and prices. Buyers should expect continued pressure on US soybean exports.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-21 | [When it comes to soy, China is getting more from the trade truce](https://feedsoft.ai/events/61131-when-it-comes-to-soy-china-is-getting-more-from-the-trade-truce.md) | +0.7% | -1.7% |
| SOY | 2019-03-14 | [Why U.S. growers are betting the farm on soybeans amid China trade war](https://feedsoft.ai/events/8266-why-u-s-growers-are-betting-the-farm-on-soybeans-amid-china-trade-war.md) | +1.9% | +1.5% |
| SOY | 2018-05-02 | [China is weakening its currency before US trade talks begin](https://feedsoft.ai/events/65234-china-is-weakening-its-currency-before-us-trade-talks-begin.md) | -3.0% | -1.9% |
| SOY | 2019-12-09 | [Aussie, yuan cede ground as trade deadline looms; pound jumps \| The Business Standard](https://feedsoft.ai/events/8449-aussie-yuan-cede-ground-as-trade-deadline-looms-pound-jumps-the-business.md) | +2.0% | +5.1% |
| SOY | 2019-07-11 | [US - China trade war hitting Panama Canal revenues](https://feedsoft.ai/events/57984-us-china-trade-war-hitting-panama-canal-revenues.md) | -1.2% | -5.0% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/yen-gets-fleeting-bid-as-china-cancels-trade-talks/article25025332.ece

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