Dollar hits seven week high against the yen as Fed meeting on US interest rates eyed

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Sep 27, 2018World’s two largest economies diverge as China leaves key interest rate unchanged in wake of US Fed cut | South China Morning Post+0.4%
• Nov 14, 2016Chinese yuan tumbles to a seven-year low as dollar surges | South China Morning Post+1.4%
• Nov 2, 2017Pound sterling (GBP) plunges against the dollar (USD) and euro (EUR) as Bank hikes interest rates-0.1%
• May 5, 2022US Fed rate hike: how can China stem capital outflow and prop up the yuan? | South China Morning Post+0.7%
• Aug 19, 2022South African rand dips as dollar hits three-week high after Fed minutes | CNBC Africa+0.6%

Not enough comparable past events yet for a historical read.