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Reuters charts show the yen has fallen nearly 11% against the dollar this year and about 35% over three decades, reaching a 34-year low. Japanese benchmark rates sit far below U.S. Treasury yields, making JGBs unattractive to large foreign investors.
A weak yen lifts the cost of imported feed inputs priced in dollars for Japan and other yen-linked buyers, while the dollar strength it reflects can pressure dollar-denominated grain and meal prices.
reuters.comMarc JonesApr 29, 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.
