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The yen weakened beyond 160 per dollar, close to the levels that triggered intervention in July. Strategists see 161 as the first intervention-risk zone, and markets price about a 90% chance of a Bank of Japan rate hike by September 18.
Intervention risk and a possible BoJ hike make the yen path volatile, which affects the cost of dollar-priced feed imports for 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.