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The won has become highly correlated with the yen, with their moves the most closely aligned in nearly two decades. The won is emerging Asia's worst-performing currency this quarter, and analysts say a sustained yen rally would likely support a won rebound.
A yen-led rebound in the won would reduce Korean import costs for dollar-priced feed. The link is analytical, so the effect on feed prices is indirect and depends on whether the yen actually strengthens.
bloomberg.comMarcus Wong, Susie KangDec 1, 2025Not 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.
