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USD/JPY rose to the mid-109s after stronger-than-expected US January nonfarm payrolls and manufacturing PMI readings. The dollar index advanced to about 95.6 as equities turned positive.
Unemployment rose to 4% while wage growth was softer than expected.
A firmer dollar tends to pressure dollar-denominated grain and oilseed prices, though this move is a routine FX market reaction.
forexcrunch.comFX StreetFeb 1, 2019After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% 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.
