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Japan's finance minister Suzuki warned investors against selling the yen too aggressively as the currency weakened past 145 per dollar. The comments came at a level that made speculators wary of possible intervention by Japanese authorities.
A weaker yen raises the dollar cost of imported feed ingredients and fuel for Japan, which is a major buyer of grain and meal. Intervention risk could strengthen the yen and reverse some of that cost pressure.
reuters.comTetsushi KajimotoJun 30, 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.
