Loading…
USD/JPY broke out above 108.00 after the ECB held rates and Draghi sounded dovish on growth and inflation. The euro weakened and supported the dollar, while the yen fell broadly over the past month.
Dovish ECB signals strengthen the dollar against the euro and yen, which can lower dollar-denominated commodity prices and affect import demand from Europe and Japan.
forex.comGlobal authorApr 26, 2018After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Not 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.
