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The yen slipped against the dollar after Powell's hawkish Jackson Hole remarks, with USD/JPY rising alongside Treasury yields. Tokyo core CPI came in slightly above expectations at 2.6%.
A widening yield gap keeps the dollar strong and makes dollar-priced commodities more expensive for Japanese buyers.
forex.caAug 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.
