Loading…
The dollar rallied against the yen, rising as much as 1.21% to 129.965, after Bank of Japan Governor Kuroda reiterated that policy would stay extremely accommodative. The dollar also gained against a basket of currencies as data pointed to a fragile global growth outlook.
Dollar strength and a softer yen raise the local-currency cost of imported feed for Japan and weigh on US export competitiveness; the move reflects currency and growth expectations rather than a grain-specific driver.
brecorder.comReutersJan 20, 2023Not enough comparable past events yet for a historical read.
After 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.
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.
