
USD/JPY traded near 149.50 after US PCE data for August matched expectations, with headline PCE at 2.7% year on year and core at 2.9%. The data kept markets expecting further Federal Reserve rate cuts this year, while political uncertainty in Japan weighed on the yen.
Expectations of Fed easing shape the dollar's direction, and a weaker dollar generally supports US commodity export prices, including feed grains.
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.