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USD/JPY traded at 109.36 on May 28 after touching 109.86 in Asian trade, close to the 110 level. Japan's services producer price index rose 0.9% in April, the strongest gain since September.
Markets were thin because of the US holiday, and attention was on the possible Trump-Kim summit.
Stronger Japanese inflation data supports the case for eventual BOJ policy normalization, which can strengthen the yen. The effect on feed commodity prices is minimal.
actionforex.comMarketPulseMay 28, 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.
