# Dollar slips amid Trump's hardening policy defence, yen benefits

> The dollar slipped against the yen on January 31 as the yen gained safe-haven demand amid market unease over Trump's immigration policy stance. The dollar fell to as low as 113.24 yen after losing over 1% overnight. The Bank of Japan's unchanged policy decision was seen as a non-factor.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73198-dollar-slips-amid-trump-s-hardening-policy-defence-yen-benefits
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven flows into the yen weaken the dollar, which tends to support dollar-denominated commodity prices; however, the move is driven by US political risk rather than grain or feed supply and demand.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-10-02 | [Dollar, yen gain as Trump's positive COVID test sparks haven buying](https://feedsoft.ai/events/50868-dollar-yen-gain-as-trump-s-positive-covid-test-sparks-haven-buying.md) | -0.5% | -0.5% |
| DXY | 2017-02-01 | [Dollar Caught Between President Trump’s Tough Talk, Policy Plans - WSJ](https://feedsoft.ai/events/72744-dollar-caught-between-president-trump-s-tough-talk-policy-plans-wsj.md) | +0.2% | +0.2% |
| DXY | 2025-04-21 | [Dollar hits three-year low as Trump attacks threaten Fed's independence](https://feedsoft.ai/events/25326-dollar-hits-three-year-low-as-trump-attacks-threaten-fed-s-independence.md) | -0.1% | +0.1% |
| DXY | 2017-03-28 | [Stocks, dollar  slip as Trump  trade deflates](https://feedsoft.ai/events/72195-stocks-dollar-slip-as-trump-trade-deflates.md) | +0.6% | +0.1% |
| DXY | 2017-01-31 | [EM ASIA FX-Asian currencies firmer as Trump policy worries dent dollar](https://feedsoft.ai/events/73240-em-asia-fx-asian-currencies-firmer-as-trump-policy-worries-dent-dollar.md) | -0.6% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUSL4N1FL03W/?feedName=usDollarRpt&feedType=RSS

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