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USD/JPY reached a three-year high ahead of Japan's trade data, extending gains after strong US retail sales. Bets grew that the Bank of England would hike in December.
US equity indices moved back toward record highs.
A firm dollar against the yen and other majors keeps import costs elevated for Asian feed buyers and can soften dollar-denominated commodity prices.
forex.comMatt SimpsonNov 16, 2021Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, DXY 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.
