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The dollar weakened against the yen on September 22 as tensions on the Korean peninsula rose after North Korea said it might test a hydrogen bomb over the Pacific. The dollar's post-Fed rally also lost momentum.
The yen was trading near 111.99 and was set to snap a five-day winning streak against the dollar.
Geopolitical risk driving safe-haven flows into the yen has limited direct effect on grain and feed prices. Sustained risk-off sentiment could soften the dollar and modestly support dollar-priced commodities.
signalforexnews.blogspot.comRaja GinaSep 23, 2017Not enough comparable past events yet for a historical read.
After 10 past neutral geopolitics events, US Dollar (Broad) moved a median +0.1% over 5 sessions (60% higher; middle half -0.4% to +1.0%), and +0.5% 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.
