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The yen climbed to a seven-month high near 153.53 per dollar as traders unwound short positions on bets for a Bank of Japan rate hike. The dollar was subdued ahead of US CPI data, while oil traded near a six-week high on Iran retaliation threats.
A stronger yen lowers the yen cost of dollar-priced feed ingredients for Japanese buyers, while the oil rally adds energy and freight cost pressure across feed supply chains.
reuters.comJiaxing LiSep 8, 2026Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
