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The yen and Aussie dollar moved on Japanese labor and retail data, with Japan's unemployment falling to 2.4% and retail sales rising 3.7% year-on-year in December. Markets also weighed US core PCE expectations and weak Australian producer prices that raised RBA cut bets.
Currency moves in the yen and Aussie dollar shift the relative competitiveness of Australian and Japanese demand for commodities, but the direct effect on feed grain prices is small.
fxempire.comBob MasonJan 31, 2025Not enough comparable past events yet for a historical read.
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.
