
The yen fell 90 sen against the dollar in New York on November 6, closing at 158.50–60 yen per dollar. U.S. October payroll growth exceeded expectations and unemployment was lower than forecast, strengthening expectations that the Federal Reserve could raise rates in December; the euro also weakened against the dollar.
Stronger expectations for U.S. rate hikes support the dollar against the yen and euro, making USDJPY more bullish and EURUSD more bearish. A stronger dollar can also affect the cost of dollar-priced feed imports for buyers whose currencies weaken against it.
Not enough comparable past events yet for a historical read.
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.
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.
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.