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The yen went above 130 per dollar after the Bank of Japan reiterated its ultra-easy policy, having weakened sharply from near 115 in early March. Experts say the currency is not the central bank's main focus.
The sustained yen decline raises the cost of dollar-priced imports for Japan and reflects a strong dollar that pressures global commodity prices.
cnbc.comEustance HuangMay 1, 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.
