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USD/JPY broke below 111 as falling US stocks and lower crude prices weighed on risk sentiment and boosted the yen. Japanese exports rose 11.3 percent year on year, and large non-commercial yen short positions were being unwound.
A sharp yen rally lowers Japanese import costs for feed, while falling crude prices can reduce energy-linked input costs.
exchangerates.org.ukFrançois AuréMar 23, 2017Not enough comparable past events yet for a historical read.
Not 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.
