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Japan's core CPI fell 0.3% year-on-year in September, its second consecutive monthly decline, signaling coronavirus-driven deflation. USD/JPY rose to 104.94 but met resistance and slipped back to 104.80.
The US 10-year yield hit a four-month high of 0.87%.
Weak Japanese inflation reinforces the case for continued easy policy and a weaker yen, which can support Japanese import demand for US feed in yen terms. The effect on grain prices is minor.
forexcrunch.comFX StreetOct 23, 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.
