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The Japanese yen fell to its lowest level in 38 years at 160 per dollar. Reports say the Bank of Japan may move to reduce liquidity and continue raising interest rates to control inflation and halt the depreciation.
Yen weakness and expected Bank of Japan tightening affect Asian currency flows and the cost of dollar-priced imports for Japan, a key feed buyer.
Not 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.