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USD/JPY rose for a second straight session in a tight range as Japanese PPI and CPI data were mixed. Markets focused on Trump's visit to Japan and US housing and consumer confidence data.
The move reflects currency positioning and macro data rather than a change in agricultural supply or demand. Its effect on feed commodity prices is minimal.
economies.comRami HaddadMay 28, 2019Not 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.
