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Japanese policymakers are weighing whether to intervene to support the yen, with the currency's weakness politically sensitive for Prime Minister Fumio Kishida and the Bank of Japan. The yen's direction is largely driven by dollar moves.
Yen intervention would strengthen the currency and make dollar-priced imports cheaper for Japan, but the effect on grain and feed prices would be modest.
reuters.comLeika Kihara, Tetsushi KajimotoAug 23, 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.
