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ING says January Japanese CPI confirmed inflation remains above the Bank of Japan's 2% target, and the yen stayed near weak levels in the FX intervention zone. It also flags the risk of a U.S. government shutdown and the upcoming core PCE data.
Currency swings and U.S. policy uncertainty affect the dollar, which in turn shapes dollar-denominated feed prices and export competitiveness. The direct impact on feed markets is limited.
ng.investing.comING Economic, Financial AnalysisFeb 27, 2024Not enough comparable past events yet for a historical read.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
