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The yen weakened as much as 1.5% to 144.96 per dollar in European trade after BOJ Governor Kazuo Ueda said it is difficult to lay out an exit plan from ultra-easy policy. The BOJ kept rates at -0.1% and its yield curve control settings unchanged.
Japan's 10-year yield fell to 0.635%.
A BOJ hold that pushes the yen weaker raises the yen cost of dollar-priced feed imports for Japan, though the effect on global grain and meal prices is minor.
bloomberg.comYumi TesoDec 19, 2023Not 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.
