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The Bank of Japan raised its short-term policy rate to 0 to 0.1 percent from minus 0.1 percent, ending a negative rate policy that lasted eight years. The won fell 6.1 won to 1,339.8 per dollar as the yen weakened after the central bank hinted it would keep loose policy.
Yen and won weakness raise the local cost of dollar-priced grain and meal imports for Asian feed buyers, and analysts expect the policy shift to have limited near-term market impact.
koreatimes.co.krMar 19, 2024Not enough comparable past events yet for a historical read.
Not 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.
