Loading…
The yen climbed as much as 1% to 149.95 per dollar, its strongest level since December 9, before paring gains. Overnight swaps priced an 84% chance of a BOJ hike by July, and the 10-year JGB yield hit its highest since 2009.
Expectations of BOJ tightening are lifting the yen and making dollar-priced imports cheaper for Japan. This is a currency move rather than a supply shock, so it has limited direct effect on feed prices.
japantimes.co.jpMia Glass, Vassilis KaramanisFeb 20, 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.
