
The Japanese yen weakened to its lowest level against the dollar in almost two months as investors scaled back bets that the Bank of Japan would raise rates soon. Stronger-than-expected US economic indicators also reduced expectations of a Federal Reserve rate cut.
A firmer dollar and weaker yen make US feed grain and meal exports more expensive for Japanese buyers, a mild bearish factor for US feed commodity prices.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.