
Sucden Financial said USD/JPY ended the prior session near 158.48, up 0.43%, after trading as low as about 157.25; the pair remained below its 200-day average at 158.68. U.S. CPI and Japanese balance-of-payments data were due Nov.
10, while Sucden noted that the U.S.-Japan yield gap had supported yen-funded carry trades.
The yield differential can encourage investors to sell yen and buy higher-yielding currencies, supporting USD/JPY, while the scheduled data could alter rate expectations. The currency outlook has no direct feed-commodity price implication in the article.
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.