# Here’s why emerging-market carnage is boosting the Japanese yen - MarketWatch

> The Japanese yen rallied about 0.9% against the dollar on May 23, breaking through 110 per dollar, and gained 1.5% against the euro. The move followed Trump's comments that he was unhappy with US-China trade talks and that the planned US-North Korea summit might not proceed. Emerging-market selloffs added to demand for haven currencies.

- Date: 2018-05-23 · published 2018-05-23T12:00:00.000Z
- Category: geopolitics · region Japan · magnitude low
- Page: https://feedsoft.ai/events/65270-here-s-why-emerging-market-carnage-is-boosting-the-japanese-yen-marketwatch
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Safe-haven demand for the yen strengthens it against the dollar, which lowers USD/JPY and makes dollar-priced Japanese imports cheaper. For feed buyers the effect is indirect, but a stronger yen tends to weigh on dollar-denominated commodity costs in Japan.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- marketwatch.com: https://www.marketwatch.com/story/heres-why-emerging-market-carnage-is-boosting-the-japanese-yen-2018-05-23

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