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USD/JPY fell to around 113.70 as US 10-year yields eased from recent highs near 3.06%. Traders were looking ahead to a revised US third-quarter GDP reading and a speech by Fed Chair Powell.
The pair was also watching the upcoming Trump-Xi meeting at the G20.
This is routine currency commentary with no new supply or demand shock for feed commodities. The yen move matters to feed buyers only indirectly through Japanese import costs.
forexcrunch.comFX StreetNov 28, 2018Not 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.
