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Japan said it would not rule out any steps to support the faltering yen. Traders expect the Bank of Japan to raise rates only marginally, which keeps the Japan-US rate gap wide.
A persistently wide rate gap favours a strong dollar, which tends to pressure dollar-denominated commodity prices.
reuters.comTetsushi KajimotoMar 26, 2024Not 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.
