Loading…
The dollar strengthened against the yen after Bank of Japan Governor Kazuo Ueda kept open the possibility of a rate hike as early as December. The market priced roughly a 54% chance of a quarter-point hike at the next policy meeting, while the dollar index fell 0.5% to 106.20.
Expectations of BOJ tightening support the yen and limit the dollar's gains against it, which affects the cost of yen-denominated feed imports for Japan. The effect on grain and meal prices is minor.
reuters.comChuck MikolajczakNov 18, 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.
