Tokyo forex summary: Dollar falls briefly to 157.70 yen range as U.S. long-term yields decline

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.

• Jul 26, 2024Canadian dollar posts longest losing streak in six years as oil falls - The Globe and Mail-2.3%
• Aug 5, 2024Dollar down as US rate cut bets rise, yen surges+4.4%
• Apr 28, 20202020-2022 Exchange Rate Forecasts: Pound-Dollar And Euro-Pound To Rise As USD Losses To Prevail+65.3%
• May 2, 2019WEAK INFLATION ISN'T TRANSITORY -- COMMODITY PRICES HAVE BEEN FALLING FOR A DECADE -- A RISING DOLLAR IS ONE REASON WHY -- STOCKS REACT BADLY TO LESS DOVISH FED -- RISING BOND YIELDS BOOST THE DOLLAR -- CRUDE OIL LEADS COMMODITIES LOWER-2.3%
• Jun 1, 2026Canadian Dollar falls despite solid jobs data as US NFP beat forecasts+3.5%