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USD/JPY traded near 111.00 after Japan's industrial output fell 2.1% in February, worse than forecast. Construction orders and housing starts also came in weaker than expected, and analysts expect a first-quarter GDP contraction.
Weak Japanese data alongside a firm dollar pushes the yen lower, which raises the yen cost of US feed grains and meal for Japanese buyers.
fxdailyreport.comDaffa ZakyMar 31, 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.
