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The Bank of Japan surprised markets by keeping its policy settings unchanged rather than overhauling its yield control policy. The yen skidded against other currencies and bond yields fell by the most in decades as investors unwound bets on a policy change.
A weaker yen and a stronger dollar shift the cost of dollar-priced grain and meal imports for Japan and reshape currency-driven export competitiveness; the move is mainly a currency and rates story with little direct feed price impact.
reuters.comLeika Kihara, Tetsushi KajimotoJan 17, 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.
