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The yen slipped as much as 0.5% to 160.16 per dollar after Warsh's inflation comments. Traders are watching yen levels for signs that authorities may act to protect the currency, after the US and Japan's first coordinated yen-buying intervention since 1998 on July 31.
The yen's weakness, and the chance of intervention, directly shifts the landed cost of dollar-denominated feed ingredients for Japanese buyers.
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.