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The yen strengthened after the Bank of Japan raised rates and signalled further tightening, prompting traders to reassess popular yen-funding carry trades. Analysts warned that unwinds could produce sharp, one-day yen moves.
A stronger yen and unwinding carry trades tighten global financial conditions and can strengthen the dollar against emerging-market currencies, which affects the purchasing power of importers of feed ingredients.
reuters.comAlun JohnJul 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.
