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The yen has jumped almost 7% against the dollar to around 130.70 since the Bank of Japan made a surprise tweak to its bond-yield control in December. The adjustment allows long-term rates to rise more and was aimed at easing the costs of prolonged stimulus.
A stronger yen changes the yen cost of dollar-priced commodity imports and reflects a policy shift that markets are still pricing; the link to feed prices is indirect.
reuters.comJan 3, 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.
