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The yen has lost about 7 percent against the dollar this year, making it the weakest of the large developed-market currencies. Despite expectations for a stronger yen, the Bank of Japan's rate moves did not reverse the trend.
Currency weakness that persists despite rate hikes points to a strong dollar that can keep dollar-priced grain and feed costs elevated for Japanese buyers.
ft.comRebecca PattersonMar 27, 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.
