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The yen climbed as the BOJ was expected to raise rates to 0.25% at its meeting, with USD/JPY falling to 152.90. The US dollar eased broadly ahead of the Fed and BoE decisions, and Eurozone Q2 GDP expanded 0.3%.
A weaker dollar generally supports US dollar-priced commodities like feed grains and meal by making them cheaper for foreign buyers, though this is a routine currency move with limited direct feed impact.
liquidityfinder.comMichael MoranJul 31, 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.
