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USD/JPY rose above 109.00 and peaked at 109.17 ahead of the FOMC statement, as the yen weakened and US yields rose. A stronger-than-expected ADP report showing 234K private jobs added did little to support the dollar.
This is a routine currency move with no new fundamental shock for feed commodities. Its effect on grain and meal prices is minimal.
octaafrica.netJan 31, 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.
