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USD/JPY held near 115.00 as Japanese December industrial production and retail sales undershot forecasts and Tokyo faced rising Omicron cases. US Treasury yields firmed on hawkish Fed commentary and Russia tensions.
Firmer US yields and hawkish Fed signals keep the dollar supported against the yen, which lifts yen-denominated import costs for feed buyers; the move is currency-driven with no direct grain supply change.
octaafrica.netJan 31, 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.
