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The yen strengthened against the dollar as US equities sold off in late-morning trading. The Dow, S&P 500 and other major benchmarks fell, and global equities also declined on the previous Monday, when the dollar-yen pair hit a low.
Risk-off flows into the yen and away from the dollar weigh on dollar-denominated commodity prices. The effect on feed markets is typically small and short-lived.
wsj.comAnneken TappeFeb 8, 2018After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
