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The yen weakened against the dollar on Friday after BoJ Governor Kazuo Ueda said underlying inflation remained somewhat below 2%. Tokyo consumer prices rose in January, and markets awaited US PCE inflation data.
Yen and dollar moves driven by rate expectations have little direct effect on feed commodity prices. The main channel for feed buyers is the broader dollar index.
fxstreet.comHaresh MenghaniJan 31, 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.
