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Japan's finance minister said on Tuesday that authorities will not rule out any options to address excessive currency volatility. The yen had slipped toward 150 per dollar, a level markets see as a red line for intervention, after reaching 149 for the first time since October 2022.
Japan intervened last September when the yen hit 145.
Intervention threats raise near-term volatility in the yen and dollar, which affects the cost of imported feed ingredients for Japan and the broader dollar-based price structure for grains and meals.
reuters.comTetsushi KajimotoSep 26, 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.
