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The yen extended gains against a weaker dollar, trading near a multi-month high as trade war worries and divergent BoJ and Fed rate expectations drove flows. Japan's core inflation accelerated in March, supporting expectations of further BoJ hikes.
Rate-expectation divergence and safe-haven flows are shifting currency values that affect the dollar cost of imported feed inputs in Japan. The price effect on grains is secondary.
fxstreet.comHaresh MenghaniApr 21, 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.
