The yen was heading for its worst month since July as the Bank of Japan disappointed markets. The dollar index rose 0.35% to 99.82 and was on track for a 2% monthly gain, its best since July.
A stronger dollar against the yen raises the cost of dollar-priced feed imports for Japanese buyers and generally pressures dollar-denominated grain and meal prices.
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.