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USD/JPY traded below 108.50 as the yen gained on safe-haven demand after the US Senate approved the Hong Kong human rights bill. A Reuters report said Trump was demanding deep concessions from China for tariff rollbacks.
Heightened trade friction and Trump's demands for concessions reduce near-term prospects for Chinese agricultural purchases.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
Not 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.