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The yen rose to a month-and-a-half high above 130 per dollar as investors fled to safe assets during the US and European banking turmoil. Foreign investors sought stability in Japanese government bonds, which they saw as a shelter from rate hikes abroad.
Safe-haven yen strength makes dollar-priced grain and meal imports cheaper in yen terms, though the effect on global feed prices is small.
asia.nikkei.comRYO SAEKI, Nikkei staff writerMar 24, 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.
