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Bloomberg reports Japan's broad real effective exchange rate is 2.3 standard deviations below its decade average, cheaper than about 99% of the time. The article frames the yen as undervalued.
A deeply undervalued yen can support Japanese import demand for feed and food commodities as purchasing power is weak, but the effect on prices is minor.
bloomberg.comVen RamApr 27, 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.
