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The yen moved past 160 per dollar to its weakest level in a month, erasing more than half of its intervention-fueled gains. The slide followed Fed Chairman Kevin Warsh's vow to hit the inflation target, which boosted the dollar.
Hawkish Fed signals strengthen the dollar and weaken the yen, raising the yen cost of dollar-priced grain and meal imports into Japan.
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.