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Scotiabank analysts expect the yen to strengthen further, with USD/JPY potentially falling to 102.00 within one to two months. Their view cites favorable real yield differentials and diverging US growth compared with the rest of the world.
This is an analyst forecast rather than a new event, so its direct effect on feed prices is limited, though a weaker dollar would support dollar-priced commodities.
octaafrica.netJul 29, 2020Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
