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The yen is at a 34-year low against the dollar and at record lows in real terms, raising Japanese import prices. The BOJ has limited tools to fix the yield gap with US Treasuries.
Higher import costs in Japan and a firm dollar weigh on the affordability of imported feed ingredients, and the yield gap underpins dollar strength.
reuters.comBrigid RileyApr 25, 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.
