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An analysis argues that Japan's foreign exchange intervention threats will have little effect on the yen. It says Japan's inflation has peaked and is falling, and the economy is in recession.
The piece is framed around the yen's depreciation pace being excessive.
A persistently weak yen makes Japanese buyers of U.S. feed and grain less price-competitive, which can weigh on U.S. export demand. The effect on prices is indirect.
reuters.comJamie McGeeverFeb 21, 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.
