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USD/JPY tested the 110.00 level after a weaker dollar on US jobs data, and Scotiabank and UniCredit analysts see continued yen strength. Analysts note that markets have largely shrugged off North Korean tensions.
A firmer yen lowers the dollar's relative strength, which can support dollar-denominated commodity prices, while the rate moves matter for Japanese feed importers' costs.
exchangerates.org.ukFrançois AuréAug 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.
