Loading…
The dollar had risen nearly 5% against the yen this year as markets priced out an early end to Bank of Japan negative rates. The yen stood at 148.12 per dollar on Friday.
Japan's finance minister said the government is watching currency moves closely and wants the BOJ to achieve its inflation target.
Official signals about currency watching can influence yen expectations, which affects Japan's dollar-priced feed import costs. The comments have no direct effect on grain supply or demand.
reuters.comLeika KiharaJan 19, 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.
