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Standard Chartered argues that market expectations for the yen have run ahead of reality and sees USD/JPY moving toward 120-125 over 12-24 months. The bank cites narrowing US-Japan 10-year rate differentials as a key catalyst.
A stronger yen over the long term would lower Japan's dollar-denominated import costs for feed ingredients, though the view is a longer-horizon forecast.
sc.comewamatysMay 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.
