# USD/JPY tumbles to fresh weekly lows, farther below 111.00 handle - Forex Crunch

> USD/JPY fell to a fresh weekly low below 111.00 on August 31, 2018, as renewed US-China trade war fears boosted demand for the yen as a safe haven. The Bank of Japan also lowered the purchase frequency for some JGBs for September, and technical selling below 200-hour SMA support added to the slide.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/63761-usd-jpy-tumbles-to-fresh-weekly-lows-farther-below-111-00-handle-forex-crunch
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency moves of this kind have little direct effect on feed grain supply or demand. A weaker dollar against the yen can make US grain and meal slightly less competitive in Japan, but the effect on feed prices is marginal.

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/08/31/usd-jpy-tumbles-to-fresh-weekly-lows-farther-below-111-00-handle/

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