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The Bank of Japan said it will take longer than previously thought to reach its inflation target, and traders pared bets on rate hikes. The yen fell as much as 1.7% to 145.50 per dollar, the most among Group of 10 peers.
A weaker yen driven by delayed BoJ tightening raises Japan's dollar-denominated feed import costs at the margin; the impact on grain prices is indirect.
bloomberg.comMia GlassMay 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.
