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The yen surged on May 29 in a risk-off session that also lifted it against the dollar, pushing it to fresh yearly lows against the euro and pound. Maybank strategists recommended selling dollar/yen on bounces.
They cited a fall in 10-year US Treasury yields to 2.93% and weak support for Prime Minister Abe's cabinet.
A stronger yen with weaker US yields lowers USD/JPY, which affects the yen value of Japanese dollar-priced purchases. The impact on feed commodity prices is minimal.
exchangerates.org.ukFrançois AuréMay 31, 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.
