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The yen gained as much as 1.6% to 146.91 per dollar, its biggest advance since late November, as haven demand rose after US tariff announcements. Japanese equities fell sharply, with the Topix down 3.1% on the day.
Haven-driven yen strength and equity weakness reflect tariff-driven risk aversion that can weigh on energy and commodity demand. For feed buyers, the impact is mainly through dollar and freight-cost channels.
bloomberg.comMia Glass, Hideyuki SanoApr 2, 2025Not 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.
