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The yen has lost more than a fifth of its value against the dollar this year, hitting its lowest level since 1990. The Bank of Japan kept its main rate below zero while the US Federal Reserve raised its rate from 0.25% to 3.25%.
Analysts also point to Japan's weak economic growth and aging population as drags on the currency.
The rate gap and weak fundamentals keep the yen under pressure, which raises Japan's dollar import costs for feed ingredients. The impact is a gradual cost trend rather than a sudden price shock.
bbc.comMariko OiOct 27, 2022Not 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.
