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The yen fell to a nearly eight-month low against the dollar, reaching 114.73, after BoJ Governor Kuroda said the easy monetary stance would continue for some time. The move reflected diverging monetary policy between Tokyo and Washington despite Trump's tough trade talk during a visit to Japan.
Diverging central bank policy is pushing the dollar higher against the yen, which strengthens dollar-denominated commodity import costs in Japan. Feed buyers see only a marginal effect from this currency move.
wsj.comSuryatapa BhattacharyaNov 6, 2017Not 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.
