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USD/JPY traded in a narrow range of 121.32-122.24 ahead of the end of the BOJ's four-day bond-buying program. The dollar index fell below 98.00 after softer US GDP and ADP employment data.
Yen stability near 122 limits near-term import cost swings for Japanese feed buyers. A weaker dollar index would modestly ease dollar-priced commodity costs in other currencies.
octaafrica.netMar 31, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
