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USD/JPY traded near 107.25 after Japan's Q1 GDP fell 0.9% and Fed Chair Powell said the Fed has room to act and the economy could recover fairly soon. S&P 500 futures rose 0.7%.
Risk-on sentiment from Fed commentary tends to support broad commodity prices, but the effect on feed markets is small and indirect.
forexcrunch.comFX StreetMay 18, 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.
