Loading…
The dollar slipped against the yen on January 31 as the yen gained safe-haven demand amid market unease over Trump's immigration policy stance. The dollar fell to as low as 113.24 yen after losing over 1% overnight.
The Bank of Japan's unchanged policy decision was seen as a non-factor.
Safe-haven flows into the yen weaken the dollar, which tends to support dollar-denominated commodity prices; however, the move is driven by US political risk rather than grain or feed supply and demand.
reuters.comJan 31, 2017Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY 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.
