Japanese Yen advances as hawkish BoJ Minutes signal potential December rate hike

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.

• Apr 22, 2022Canadian dollar falls by most since December despite hawkish BoC | Reuters+1.5%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-7.1%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates+1.3%
• Aug 5, 2024Dollar down as US rate cut bets rise, yen surges+4.4%
• Sep 21, 2022WTI Falls as USD Spikes to 20-Year High after Fed Rate Hike-6.9%

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-6.7%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates-2.2%
• Jul 1, 2023Oil drops 1.5% as Fed projects more rate hikes this year+5.2%
• Jun 23, 2022Oil prices slump as investors fear Fed rate hikes will hurt demand | Reuters+4.3%
• May 19, 2021Oil prices dive $2 on fears of Asian pandemic, possible U.S. rate hikes | Reuters-0.2%