Loading…
USD/JPY held below 106.00 as investors favored the yen's safe-haven status amid US-China trade uncertainty and the inverted US yield curve. Traders awaited revised US Q2 GDP data, and a BoJ board member said Japan did not need further easing.
Persistent trade uncertainty supports safe-haven currencies and dampens dollar strength, which is a secondary factor for export-oriented commodity demand and feed-grain pricing.
octaafrica.netAug 29, 2019Not 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.
