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Japan's core inflation eased to 1.4% in April, its lowest since March 2022 and below the 1.7% forecast. Energy prices fell 3.9% amid the Iran war, and the yen weakened slightly to 159.03 per dollar.
Softer inflation weakens the case for an early BOJ rate hike, which keeps yen-carry pressure on and sustains dollar-priced import costs for Japanese feed 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.