The yen gained as the U.S. dollar gave back part of its post-payrolls rise, with USD/JPY down 0.36% to around 157.91. Falling oil prices eased U.S. inflation concerns and weighed on Treasury yields, while traders watched upcoming U.S. inflation data and the Bank of Japan’s policy signals.
Lower crude prices can ease energy and freight costs for feed supply chains, while currency shifts affect the cost of imported commodities in Japan. The article reports market movements and expectations, not a new supply disruption.
Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
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.