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The dollar rose to 157.93 yen on Friday, its highest since July, after the Bank of Japan kept rates unchanged and its governor gave few clues on the timing of future hikes. Japanese officials described themselves as alarmed by the recent currency moves.
A weaker yen lifts the yen cost of dollar-priced feed imports, and official intervention threats can produce sharp reversals in USD/JPY. The move is a currency story with limited direct effect on grain or meal prices.
reuters.comMakiko YamazakiDec 20, 2024Not 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.
