
BoJ Governor Ueda said anchoring underlying inflation at 2% is increasingly important, citing energy costs from the Middle East conflict and strong AI-driven global demand. He signaled that rate increases will continue as underlying inflation approaches 2%, with timing depending on exchange rates and Middle East developments.
Rising energy costs and tighter policy expectations feed into the macro backdrop for currencies and energy prices, which matter to feed input costs.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Not 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.