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A Reuters morning market briefing said the yen was weakening toward 160 per dollar with no sign that Japanese authorities would act to slow the decline. The briefing also listed regional data including South Korean GDP and Malaysian inflation.
A weak yen lifts the yen cost of imported feed and raises Japanese buying power for US commodities only indirectly. Intervention risk is the main near-term swing factor.
reuters.comJamie McGeeverApr 24, 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.
