The dollar held modest gains against the yen after reaching a 9.5-month high. The yen weakened to 155.73 per dollar, its lowest level since early February, amid Japanese fiscal policy concerns and US data.
A stronger dollar against major currencies tends to pressure US commodity export prices and raises the local-currency cost of imported feed for Japan. The effect on feed markets is modest.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.