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The yen opened lower against the dollar in Tokyo after strong US October employment data reinforced expectations of a Federal Reserve rate increase in December. US payrolls increased by 165,000, above expectations, while unemployment fell to 4.1%.
Expectations of higher US rates support the dollar and weigh on the yen, potentially raising Japanese buyers’ costs for imported feed and raw materials.
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.