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The yen rose ahead of the Bank of Japan's policy statement as the dollar struggled after its strong prior week. Investors expected no change in rates but saw room for lower inflation forecasts, and Abe's election win was expected to keep policy loose.
A weaker dollar against the yen eases pressure on dollar-priced commodities, though the move is a currency story with limited direct feed impact.
actionforex.comMarketPulseOct 31, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
