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The dollar slipped as traders waited for Fed Chair Powell's Jackson Hole speech. The yen weakened 0.55% to 146.21 per dollar, and analysts see the intervention threshold near 150.
Currency moves at this level change the dollar cost of imports for Japan, but without a clear driver for grains or feed the price effect is limited.
reuters.comLaura MatthewsAug 21, 2023Not enough comparable past events yet for a historical read.
Not 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.
