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CIBC economists expect the USD/JPY pair to fall toward 101 in the first quarter of 2021 as real yield spreads stay under pressure. They cite rising COVID cases in Japan and a likely third supplementary budget.
A weaker dollar against the yen is a broad macro signal that can support dollar-priced commodities over time, though the effect on feed prices is indirect.
forexcrunch.comFX StreetNov 27, 2020After 2,356 past bullish macro events, DXY 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.
