
In New York on November 4, the yen closed at 158.37-158.47 per dollar, gaining 27 sen against the dollar. The euro traded around 177.85-177.95 yen.
Yen strength followed lower US oil and long-term yields after the midterm election, which reduced inflation worries and dollar demand; this affects the dollar-cost backdrop for US-priced feed commodities only indirectly.
Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.