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USD/JPY rose above 106 as the yen weakened from its overbought levels. SEB analysts noted speculators cut net short yen positions sharply in mid-March, suggesting a defensive move as risk appetite improved.
Yen moves reflect broader risk sentiment and dollar strength, which can marginally affect dollar-priced commodity demand from Japan and other Asian buyers.
exchangerates.org.ukFrançois AuréMar 29, 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.
