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Investors betting on Japan's first rate hike in nearly two decades have shifted from outright yen cash positions to options. Reuters reports that inflation has run above target for over a year and that a rate rise is widely expected within months.
Options are being used to hedge against disappointment.
The expected end of Japan's negative rates is a medium-term driver of a stronger yen, which lowers Japan's import costs for feed. Positioning shifts like this have little direct effect on commodity prices.
reuters.comRae WeeJan 26, 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.
