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MUFG says USD/JPY is likely capped near 110.00 because US real yields have fallen while Japanese real yields held up. The bank sees the pair possibly reaching 100 given Japan's firm fundamentals and a 100bp real yield spread.
Currency forecasts shape the yen's purchasing power for Japanese buyers of US feed commodities, though the effect on feed prices is modest.
exchangerates.org.ukAdam SolomonJul 30, 2021Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
