Loading…
The yen sank to 160.17 per dollar, its lowest since April 1990, then recovered to 155.01 later on Monday, fueling intervention speculation. The article attributes the weakness mainly to the US-Japan rate differential, with the Fed funds rate at 5.25-5.50% versus the BOJ's 0-0.1%.
The rate gap driving yen weakness keeps the dollar strong and raises import costs for Japan, which can affect dollar-priced feed commodity demand from Asian buyers.
aljazeera.comJohn PowerApr 30, 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.
