
The BOJ kept short-term rates at 0.5% by a unanimous vote and raised its core inflation forecast for the current fiscal year to 2.7%. The yen edged higher while the dollar approached a two-month peak after Fed Chair Powell signalled patience on rate cuts.
A firmer dollar on hold-longer Fed expectations tends to weigh on dollar-denominated commodity prices, while the yen move affects Japanese import costs for feed.
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.