# Why does the yen strenthen even when, say, Japan is N.Korea's target? - BBH — Octa

> Brown Brothers Harriman explains why the yen strengthens during geopolitical tension, citing unwinding of yen-funded carry trades. The analysis notes that North Korea's missile flew over Japan for the first time in a year.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/69683-why-does-the-yen-strenthen-even-when-say-japan-is-n-korea-s-target-bbh-octa
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Carry-trade unwinds drive short-term currency swings that affect the dollar value of imported feed inputs, but the effect on grain and oilseed prices is indirect.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/483407/

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