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The Bank of Japan kept its dovish policy guidance intact, and the yen fell after the announcement. Fed speakers said markets were ahead on rate cuts, with US housing and TIC data also due.
A weaker yen and shifting US rate expectations affect currency-linked commodity import costs in Japan, with limited direct feed price impact.
think.ing.comFrancesco Pesole, Chris TurnerDec 19, 2023Not 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.
