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The yen slid to 151.715 per dollar, a one-year low, after the Bank of Japan kept a dovish stance and forecast inflation falling back below 2% in 2025. The dollar rose 1.7% against the yen, its best one-day gain since late April.
A weaker yen makes Japanese and other Asian feed and ingredient imports costlier in local currency, while a stronger dollar tends to weigh on dollar-denominated grain and meal prices.
reuters.comGertrude Chavez-DreyfussOct 31, 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.
