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The yen's decline eased after a rare meeting of Japan's top financial authorities raised concerns that Tokyo might intervene in currency markets. The pace of the yen's drop has remained modest.
A yen intervention would strengthen the yen against the dollar, lowering Japan's import costs for feed-related goods and reducing dollar-denominated feed purchase costs in yen terms.
asia.nikkei.comHARUKA SHIINA, Nikkei staff writerMay 31, 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.
