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The US dollar rose to a 20-year high against the yen, driven by the widening policy gap between the Federal Reserve and the Bank of Japan. The article carries only partial text with reporting credits and sharing links.
A weaker yen raises Japan's cost of imported feed grains and meal, while a firm dollar generally supports pressure on dollar-priced commodities.
reuters.comGertrude Chavez-DreyfussApr 19, 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.
