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The Bank of Japan raised interest rates to their highest level in 17 years, and the yen jumped. The two-year JGB yield briefly reached 0.725%, a level last seen in October 2008, before the yen gave back some of its gains after Governor Ueda's press conference.
The rate decision strengthens the yen and tightens global financing conditions at the margin. Feed commodity prices are not directly affected.
reuters.comLeika Kihara, Makiko YamazakiFeb 1, 2025Not 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.
