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The yen has given back about half of the gains from the US-Japan intervention, trading near 159 per dollar. Japan's borrowing costs remain far below US rates, which keeps the carry trade favoring dollars.
The persistent rate gap between Japan and the US keeps pressure on the yen, which raises the yen cost of dollar-priced feed imports.
cnbc.comLee Ying ShanAug 12, 2026Not 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.
