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The dollar fell sharply against the yen on April 30 after officials signalled possible intervention to support the Japanese currency. USD/JPY dropped from about 159.5 to 157.8 within minutes, and the dollar also eased against the euro as oil prices dropped.
A weaker dollar tends to support dollar-priced commodities, while the drop in oil removes some energy-driven cost pressure on feed and fertilizer.
reuters.comStefano RebaudoMay 1, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
