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Scotiabank analysts said yield spreads are widening in a way that favors yen weakness and that the near-term risks favor an unwind of recent safe-haven gains. They also noted that EURJPY bounced off support near 125 and that USDJPY closed at a low.
Japanese retail sales came in stronger than expected.
Wider US-Japan yield spreads tend to push USD/JPY higher as capital moves toward higher-yielding dollar assets. This is a currency-market view with little direct bearing on feed commodity prices.
octaafrica.netMay 30, 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.
