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The yen was about 0.1% higher at 142.24 per dollar in early Asian trade on Sept 23 after Japanese intervention. The dollar stayed strong, keeping the euro, sterling and Aussie near multi-year lows.
A firm dollar pressures US commodity prices in dollar terms and raises the cost of imported feed for non-US buyers. The move is a routine currency update with no new supply driver.
brecorder.comReutersSep 23, 2022After 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.
