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The Bank of Japan kept its rate and asset purchase settings unchanged on April 28 and scrapped its forward rate guidance. It also called for a long-term policy review, and the yen weakened about 1% to 135.30 per dollar.
Continued easing supports a weaker yen and a stronger dollar, which can make US-priced commodities slightly more expensive for Japanese buyers.
businesstimes.com.sgApr 28, 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.
