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The Bank of Japan kept short-term rates at -0.1% and capped the 10-year government bond yield around zero, citing extremely high uncertainty. The yen sank about 0.5% to around 148.3 per dollar after the decision.
Japan remains an outlier among major central banks that have raised rates.
Continued policy divergence keeps the yen weak against the dollar, raising yen-based costs for imported feed ingredients and reinforcing dollar strength across commodity markets.
cnbc.comClement TanSep 22, 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.
