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USD/JPY fell as US 10-year yields dropped after a bond rally, with yields down about 13 basis points over the past two weeks. Markets priced in just three 25-basis-point Fed cuts by the end of next year, and Scott Bessent's nomination as Treasury secretary eased fiscal concerns.
Lower US yields and reduced Fed easing expectations weaken the dollar against the yen, which can support dollar-priced commodities while the policy outlook remains uncertain.
investing.comNov 27, 2024Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
