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Shigeru Ishiba won the LDP presidential election to become Japan's prime minister, and the yen recovered its daily losses. Tokyo CPI eased to 2.2% in September, and dovish Fed comments added pressure on the dollar.
Political clarity and dovish Fed signals push the yen stronger against the dollar, a macro move with limited direct impact on feed commodity prices.
fxstreet.comAkhtar FaruquiSep 27, 2024Not enough comparable past events yet for a historical read.
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.
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.
