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The Bank of Japan maintained its ultra-easy policy, keeping yield curve control targets and a short-term rate of minus 0.1%, defying expectations of a move away from low rates. The yen dropped as much as 2.7% against the dollar before paring losses to 129.76, after hitting a seven-month high of 127.46 the prior Friday.
The yen's sharp swings alter the dollar cost of imported feed ingredients for Japanese buyers and signal ongoing rate divergence with the US; direct grain price implications are modest.
cnn.comLaura HeJan 18, 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.
