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The Bank of Japan kept its benchmark rate at 0.25%, as expected, and the yen strengthened against the dollar. USD/JPY fell about 0.8% to 152.30 after the decision.
A firmer yen lowers the local-currency cost of dollar-priced feed imports for Japan, a small supportive factor for Japanese demand; the effect on global prices is minor.
tradingview.comOct 31, 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.
