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Japan's top FX diplomat said authorities are ready to respond to yen moves appropriately. Yen weakness has increased import bills and pushed Japan's trade balance into persistent deficit.
Verbal intervention signals may cap further yen weakness, which affects the yen cost of imported feed ingredients for Japanese buyers.
reuters.comTetsushi KajimotoMay 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.
