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Senior Japanese officials moved to contain the impact of a stronger yen after President Trump's remarks on currencies. The dollar hit a two-month low of 112.08 yen on Tuesday, February 1.
The yen had earlier weakened as US bond yields rose on expectations of Trump's inflation-stoking policies.
A sharper yen rally would make Japanese exports dearer and could shift Japanese demand for US feed and food imports, while a weaker dollar generally supports dollar-priced US commodity exports.
reuters.comLeika KiharaFeb 1, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
