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Japan said it is on standby to respond to one-sided currency moves after the yen came under broad selling pressure. Markets judged a tweak to the Bank of Japan's yield control policy insufficient to narrow the wide interest rate gaps that have weighed on the yen.
Possible yen-buying intervention could reverse the currency's weakness quickly, which would affect the cost of Japanese purchases of U.S. feed commodities.
reuters.comTakaya Yamaguchi, Leika KiharaOct 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.
