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The yen jumped as much as 5 yen against the dollar from a 34-year low on suspected Japanese intervention, the first in 18 months. The dollar had reached 160.245 earlier, and the move came as the dollar retreated after signs of a possible US-Iran deal.
Intervention can cap dollar strength temporarily, easing import costs for Japanese feed buyers, though the underlying rate gap keeps pressure on the yen.
cnbc.comReutersApr 29, 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.
