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The yen outperformed major peers after US Treasury Secretary Scott Bessent said the Fed should cut rates by 150 basis points or more and that the BoJ is behind the curve on inflation. The yen gained as much as 0.7% to 146.34 per dollar, its strongest level in about three weeks.
Expectations of a narrower rate gap support the yen and lower USD/JPY, which trims the yen cost of dollar-priced feed imports for Japan. The effect on grain and meal prices is small.
bloomberg.comMia Glass, Momoka YokoyamaAug 14, 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.
