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USD/JPY held above 111.00 after volatile trade on Japanese data and renewed political pressure on Prime Minister Abe. Japan's CPI beat expectations but retail sales disappointed.
Political uncertainty in Japan weakens the yen, which can modestly raise the yen cost of imported feed for Japanese buyers. Commodity price impact is minimal.
octaafrica.netJul 28, 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.
