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USD/JPY moved toward 155.00 as the yen weakened after a brief uptick on Japanese CPI data. Rising US Treasury yields and expectations for Trump-era policies supported the dollar, and the pair bounced more than 80 pips from below 154.00.
A stronger dollar against the yen tends to weigh on dollar-priced commodities and can make US grain and feed exports relatively more expensive for Japanese buyers.
fxstreet.comHaresh MenghaniNov 22, 2024Not 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.
