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A Bloomberg analysis projects the Bank of Japan may raise interest rates by October, which would help the yen strengthen toward around 120 per dollar this year from about 132. The forecast ties the currency move to changes in Japanese monetary policy and inflation.
A stronger yen would lower the local cost of dollar-priced imports such as feed grains, which can support Japanese buying. The price effect on commodities is modest and speculative.
bloomberg.comRuth Carson, David InglesFeb 14, 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.
