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USD/JPY traded at 108.62 on May 31, down about 0.26% on the day. Japanese housing starts rose 0.3%, ending nine straight monthly declines.
Commentary said the Federal Reserve projects two more rate hikes in 2018 and may be moving toward neutral policy.
Expectations for Fed tightening relative to the Bank of Japan's easy policy support the dollar against the yen over time. Feed buyers see little direct effect from these data points.
actionforex.comMarketPulseMay 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.
