Loading…
USD/JPY rose sharply over two weeks because of yen weakness linked to reduced safe-haven demand, not dollar strength. ADP data showed 177,000 private jobs added in April, in line with expectations.
A stronger dollar against the yen can weigh on dollar-priced commodities in yen terms, but the effect on feed prices is limited.
forex.comGlobal authorMay 3, 2017Not enough comparable past events yet for a historical read.
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.
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.
