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The Bank of Japan held its policy rate at 0.25% in a split 8-1 vote, with one member favoring a hike. The surprise hold, which economists had not expected, sent the yen to a four-month low of about 156.77 against the dollar.
The unexpected hold widened the rate gap with the U.S. and weakened the yen, which raises the local-currency cost of dollar-priced imports. The effect on feed commodities is indirect.
cnbc.comLim Hui JieDec 19, 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.
