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The dollar rose to its highest level against the yen in nearly three years on October 11, 2021, reaching 113 yen per dollar. Traders expected the Federal Reserve to announce a tapering of its bond purchases despite soft US payrolls.
Oil prices also rose on energy-crisis concerns.
Expectations of Fed tightening lift the dollar and pressure dollar-priced commodities, while a weaker yen raises Japan's import costs for feed and energy.
cnbc.comReutersOct 11, 2021Not 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.
