Loading…
The yen strengthened after the Bank of Japan left its policy settings unchanged on January 30, a largely expected outcome. Core CPI forecasts were slightly lowered for fiscal 2016/17 while the bank still projects 2% inflation by 2018.
The dollar was already under pressure before the decision.
Central bank stasis leaves currency moves tied to US political headlines, offering little direct signal for feed commodity prices.
nasdaq.comDailyFXJan 30, 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.
