
US employers added 165,000 jobs in October, well above the 65,000 forecast, while unemployment fell to 4.1% and wage growth beat expectations. The data lifted the dollar and Treasury yields and strengthened expectations of a December Federal Reserve rate hike, pushing USD/JPY higher.
A stronger US rate outlook supports the dollar against the yen and may weigh on yen-denominated import costs. The surprise is supportive for the dollar, though it does not directly change feed-commodity supply or demand.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.