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The Nikkei reported that Prime Minister Yoshihide Suga asked Finance Ministry officials to keep USD/JPY from falling below 100 yen. Analysts say the market is likely to see a large buyer near that level.
Possible yen-defending intervention is a currency policy event with no direct feed-commodity mechanism; any effect on dollar-priced commodities would be indirect and small.
forexcrunch.comFX StreetDec 20, 2020Not 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.
