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Nikkei Asia reports that the yen traded around 160 per dollar on March 30 after briefly crossing that threshold for the first time in 20 months. The article focuses on the risk of Japanese currency intervention and whether the slide is driven by speculation.
Intervention risk creates two-way currency volatility that can change the cost of US commodity imports priced in dollars for Japanese buyers. The yen's level is a key input to Japanese feed import economics.
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.