
The Dollar Index rose to 103.40, a 19-month high, on hawkish Fed comments and strong inflation data. The two-year Treasury yield climbed to 4.87%, and the yen touched 160.18 per dollar, nearing a level that could prompt Japanese intervention.
Dollar strength and yen weakness raise the cost of imported feed ingredients in Japan and other non-US markets, while a stronger dollar tends to weigh on US dollar-denominated commodity prices.
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.