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The yen weakened after a report said Prime Minister Takaichi had questioned plans for further Bank of Japan rate hikes. The report also mentioned upcoming talks between the two sides in Geneva, and bitcoin fell 0.14%.
Political pressure against rate hikes weakens the yen and supports a stronger dollar, which can make US commodity exports more competitive but adds volatility to dollar-denominated feed costs.
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.