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The yen weakened against the dollar after the Bank of Japan kept its short-term rate at minus 0.1 percent and its 10-year yield target near zero, and cut its price forecasts. The dollar index climbed to a 16-month high of 97.06 on stronger U.S. economic data.
A firm dollar and a dovish BOJ pressure emerging-market currencies and make dollar-priced commodities more expensive for importers, which tends to weigh on feed demand and prices.
blog.fxcc.comJovana PribicOct 31, 2018After 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.
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.
