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Benzinga analyzes why the dollar has gained more than 20% against the yen over 15 months, with nearly half the move in recent weeks. Five macro forces, including energy-driven trade shifts and expected US rate hikes, are now pushing the pair in the same direction.
Converging macro drivers suggest continued yen weakness, raising the yen cost of dollar-priced feed imports. Higher energy prices shrinking Japan's trade surplus add further downside pressure on the yen.
benzinga.comCME GroupMar 31, 2022Not 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.
