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The yen strengthened past the 140 per dollar level, rising as much as 0.7% to 139.90. Investors sought alternatives to the dollar amid concerns over Federal Reserve independence, tariffs, and an upcoming meeting between Japanese and US finance chiefs.
A stronger yen makes Japanese demand for dollar-priced US feed and oilseed imports cheaper, while a weaker dollar generally supports dollar-denominated grain prices. Currency moves like this shift relative import costs for Japanese feed buyers.
bloomberg.comMia GlassMay 1, 2025Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY 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.
