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The yen slid on December 19 after the BOJ kept its policy settings unchanged, with USD/JPY trading at 144.42, up 1.15% in European trade. The yen had surged 1.95% the prior week before giving back most of those gains.
Ueda said more time was needed to confirm a positive wage-inflation cycle.
A weaker yen raises the yen cost of dollar-priced feed imports for Japan, but the move has little direct bearing on global feed grain prices.
marketpulse.comKenneth FisherDec 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.
