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The Bank of Japan trimmed its purchases of 10-to-25-year bonds by 10 billion yen in a regular operation on Tuesday. The yen rose as much as 0.5 percent against the dollar in response.
Markets read the minor tweak as a possible first step toward ending stimulus, which can lift the yen and pressure dollar-denominated commodity prices. Feed buyers pricing imported inputs in yen-linked markets may see slightly cheaper dollar costs.
bloomberg.comChris AnsteyJan 9, 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.
