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The US dollar regained ground against the yen after the BoJ left policy unchanged at its April meeting and maintained its dovish outlook. Markets were unimpressed by the thin outline of the Trump administration's tax reform plan, which raised doubts about funding and deficits.
Expected March CPI data was seen showing inflation of only about 0.3%.
Continued BoJ easing and doubts over US fiscal policy keep the yen under pressure against the dollar. For feed buyers this is a currency backdrop rather than a direct supply or demand change.
exchangerates.org.ukColin LawrenceApr 27, 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.
