
The yen strengthened toward 144 per dollar on Monday, approaching two-week highs. The dollar extended its decline on a more dovish Fed outlook, fiscal concerns and trade uncertainty.
Traders were awaiting US jobs data and the Bank of Japan's Tankan survey.
A weaker dollar and stronger yen reduce the local-currency cost of US commodity imports for Japan and other yen-linked buyers. Dollar weakness tends to support dollar-denominated grain and feed prices.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.