The euro weakened against the yen as September eurozone retail sales fell 0.7% month over month, much more than expected. The yen was supported by expectations of a possible Bank of Japan rate hike in December, while German industrial production rose 0.7% in September.
Weak consumer data can weigh on expectations for eurozone growth and the euro, while higher Japanese rate expectations support the yen. This points to downside pressure on EUR/JPY.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), 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.