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USD/JPY rose about 70 pips to a fresh monthly high as Treasury yields climbed ahead of PCE inflation data. The dollar index was little changed, with yen weakness broadly offsetting dollar weakness against sterling.
MSCI's removal of 29 Japanese listings also weighed on the yen.
Higher US yields that lift the dollar against the yen can pressure dollar-priced commodities and make US exports more expensive. The index itself was flat, so the broader commodity impact is limited.
forex.caadminMay 28, 2021Not 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.
