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USD/JPY climbed above 111.30 on May 21 before easing back toward 111 on May 22. Easing US-North Korea tensions and signs of a US-China trade understanding reduced the risk premium in markets.
The 10-year US Treasury yield reached 3.128%, a seven-year high.
Rising US yields and reduced haven demand pushed the dollar higher against the yen, which lifts yen-denominated costs of dollar-priced imports. Feed commodity prices are not directly affected.
exchangerates.org.ukFrançois AuréMay 23, 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.
