
The Japanese yen held strong gains near its highest since November 14 against a weaker dollar after the New York Fed and Japan's MOF conducted rate checks. PM Takaichi warned against speculative moves, raising the chance of joint US-Japan intervention.
Rising intervention odds weigh on the dollar, which can support dollar-priced commodities, while BoJ-Fed policy divergence keeps currency swings elevated.
After 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.