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Nomura forecasts the yen could reach 120 per dollar by year-end, citing a Fed near its peak and possible Bank of Japan tweaks to yield curve control. Standard Chartered sees a full abolition of YCC as the driver for yen strength.
A stronger yen would reduce the yen cost of dollar-priced grain and feed imports for Japanese buyers, with a small effect on global prices.
cnbc.comLee Ying ShanApr 13, 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.
