Loading…
The yen weakened to around 139 per dollar on Monday after Fed Chair Powell signalled that rate hikes would continue. Investors bet on a widening interest rate gap between Japan and the US.
Expectations of a wider rate gap strengthen the dollar against the yen, which tends to lift dollar-denominated feed costs for yen-based buyers.
asia.nikkei.comTOSHIHIRO SATO, MANAMI OGAWA, DAISUKE NAKAMOTO, Nikkei staff writersAug 29, 2022Not 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.
