You already can from within each community, it’s under the three dot menu at the top.

Indeed this is already a feature, You can view community modlogs from the (•••) menu at the top while browsing a community. You can also view the instance modlog in the same location while viewing your home feed.

If you are a moderator, You can also access the modlogs for your communities from the inbox tab under the “Mod Zone” section. You can also manage reported content in the mod zone.