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Nomura analysis shows that Japanese importers and retail investors are selling yen during Asian trading hours, keeping USD/JPY resilient despite expected BOJ hikes. Strategists link the pattern to importer dip-buying of dollars and households buying foreign equities through NISA accounts.
Persistent importer dollar buying keeps the yen weak, which raises the local-currency cost of dollar-priced feed and oilseed imports into Japan. The effect on global commodity prices is small.
Not 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.