
USD/JPY fell 0.3% to near 157.90 on Thursday as the US dollar weakened. Traders cited doubts that Republicans can continue their policies after Democrats won the US midterm elections, and they expect the Fed to hike rates at its December meeting.
A weaker dollar against the yen lowers the local-currency cost of dollar-priced grain and meal imports for Japan, a modest support for feed buyers' purchasing power.
Not 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.