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USD/JPY traded near 110.50 on Monday, down 0.22% on the day. Japan's preliminary industrial production rose 1.6% in June, in line with forecasts, and housing starts rose 1.7%, well above expectations.
Stronger Japanese data points to firmer import demand, but the effect on feed commodity prices is indirect and small.
actionforex.comMarketPulseJul 31, 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.
