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The yen slid past 145 per dollar with little reaction from Japanese policymakers, reducing expectations of quick intervention. The Bank of Japan is slowly moving away from ultra-loose policy, but the wide yield gap with the US still encourages yen selling.
A weak yen keeps Japanese import costs for feed and energy high, while the lack of intervention signals the currency may stay under pressure.
reuters.comKevin BucklandAug 16, 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.
