USD/JPY rose to 157.85 on Friday as the yen retreated from a one-week high, with traders cautious ahead of the US Nonfarm Payrolls report. Lower Treasury yields and expectations of further Bank of Japan rate hikes were cited as factors that could limit a sustained dollar recovery against the yen.
The prospect of tighter Japanese policy alongside lower US yields can support the yen and weigh on USD/JPY; currency moves can affect the cost of imported feed commodities.
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.