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The dollar rose against the yen on Friday, with Japan's Nikkei gaining 1% after comments from the incoming Bank of Japan chief. Japan's core consumer inflation hit a fresh 41-year high in January.
Currency and rate moves between the dollar and yen shape the macro backdrop for dollar-priced commodities. The direct impact on feed markets is limited.
reuters.comFeb 24, 2023After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
