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The yen fell to 160.39 per dollar on Wednesday, its weakest since 1986, and is down about 12% this year. Speculation is growing that authorities will soon step in to support the currency, as it has already done in April.
The yen's decline raises the dollar cost of imports for Japan, and intervention risk could trigger a sharp currency reversal. Buyers of dollar-priced feed inputs in Japan face higher costs while the trend continues.
japantimes.co.jpNaomi Tajitsu, Masaki KondoJun 26, 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.
