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USD/JPY fell for a second straight session to around 112.90, retreating from two-month highs above 113.00 after the Fed meeting. Falling US Treasury yields and BoJ Governor Kuroda's comments on reaching the 2% inflation target weighed on the pair.
Equity market stability limited the yen's losses.
The move reflects currency sentiment rather than physical supply or demand for feed commodities. A weaker yen would normally support Japanese import costs, but this change is small.
forexcrunch.comFX StreetSep 27, 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.
