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Japanese Finance Minister Katsunobu Kato warned against one-sided, rapid currency moves that had been driving the yen lower. He said authorities were watching exchange rate moves closely, including possible speculation.
Verbal intervention signals may limit further yen weakness, which would ease the cost of dollar-priced feed imports for Japanese buyers; the impact on grain prices is small.
reuters.comLeika KiharaOct 24, 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.
