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The yen weakened beyond 140 per dollar for the first time since November as traders priced in another Federal Reserve rate increase. The currency later pared some losses and traded slightly stronger.
A weaker yen against the dollar reflects widening rate differentials, which tends to push up Japan's import costs for feed and raw materials.
bloomberg.comYumi Teso, Anya AndrianovaMay 25, 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.
