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The dollar-yen pair slipped toward 158.17 yen as WTI crude fell into the low-$87 range and the US 10-year yield declined. Lower oil eased inflation worries and pressured the dollar.
A sharp crude decline lowers energy-driven inflation expectations and US yields, which weakens the dollar and can ease costs for dollar-denominated feed inputs.
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.
Not 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.