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USD/JPY traded near 109.15 on Monday, with thin volumes due to Japan's Showa holiday long weekend. Markets awaited US Core PCE data, and the pair had closed higher for five straight weeks.
Thin holiday trading produces little signal for commodity prices. The pair's bullish trend reflects dollar strength on US rate expectations.
octaafrica.netApr 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.
