
The yen fell to a one-week low against the dollar as safe-haven demand eased on hopes for a US-China trade deal ahead of the G20 meeting in Osaka. Mnuchin said the trade agreement was 90% complete, and reports suggested a tentative truce.
Reduced safe-haven demand strengthens the dollar against the yen, which can make US exports less competitive. Trade-deal optimism also supports expectations of resumed US soybean and grain purchases by China.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.