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Japanese traders are positioning for the possibility that the Federal Reserve will anchor Treasury yields through yield-curve control. The yen rose 1.8% from lows of 109.85 as Japanese investors sold dollars ahead of the Fed meeting.
Expectations of Fed yield targeting weaken the dollar, which can support dollar-denominated commodity prices. The effect on feed markets is indirect.
whbl.comSyndicated ContentJun 9, 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.
