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USD/JPY traded near 159 on May 26 as the dollar gained on Middle East tensions and expectations of a restrictive Federal Reserve. Markets are watching for intervention if the pair approaches 160.
Dollar strength driven by safe-haven flows linked to the Iran conflict affects the cost of dollar-priced grain and meal for Japanese buyers, though this is routine currency commentary.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.