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Analysts note the yen's weakness reflects the Bank of Japan's reluctance to follow other central banks, widening the bond yield gap. Soaring energy import costs have pushed Japan's trade balance into deficit.
Persistent yen weakness and an energy-driven trade deficit point to continued pressure on Japanese import costs and a firm dollar, which weighs on dollar-priced commodity demand from Japan.
reuters.comTom WestbrookApr 20, 2022Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
