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USD/JPY holds near 146.00 after weak US private employment data and a downward revision to US GDP growth. Markets still price in a possible further Fed rate hike this year.
A softer dollar on weaker US data eases pressure on dollar-priced imports, though the yen remains weak on the widening rate gap with Japan.
octaafrica.netAug 31, 2023After 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.
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.
