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The yen slid against the dollar on March 30, 2023, as the dollar recovered along with risk assets at month-end and Japan's fiscal year-end. Fed Chair Powell indicated one more rate hike this year, and markets priced roughly a 50% chance of a 25 basis point hike at the next meeting.
A firmer dollar against the yen makes dollar-priced feed imports costlier for Japanese buyers, though the move is currency-driven rather than a change in feed supply.
fxnews24.co.ukDavid GrahamMar 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.
