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The dollar remained on the back foot against the yen after Trump's travel ban triggered protests and criticism, and the firing of acting Attorney General Sally Yates. The Bank of Japan's unchanged policy was seen as unremarkable.
Technical support sits near 113 yen, with resistance around 114 to 115.3.
Dollar weakness driven by US political turmoil is a modest tailwind for dollar-priced commodities, though it is not a supply or demand change for feed markets.
forexcrunch.comYohay ElamJan 31, 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.
