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The dollar fell as much as 3.7% against the yen after Apple issued a weaker-than-expected sales forecast following the close of U.S. markets. The move was largely retraced in later trading, with the pair down 1.1% at 107.63 when European markets opened.
Traders cited thin liquidity and a jump in retail currency trading volume.
The move was driven by thin trading rather than a lasting shift in fundamentals, so its effect on feed commodity prices is limited. It does signal fragile sentiment that could shift dollar-based commodity pricing.
wsj.comMike Bird, Ira IosebashviliJan 3, 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.
