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USD/JPY moved above 160.00 for a second consecutive session, near multi-month yen lows. DBS and Commerzbank discussed the outlook for Bank of Japan and Federal Reserve rate hikes, and Societe Generale flagged resistance near 160.40.
Speculators were net long the yen as of early November.
A weaker yen makes Japanese buyers of US feed and oilseed commodities more expensive to buy in dollars, and it can slow Japanese import demand. The effect on feed prices is limited.
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.