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Japan said US Treasury Secretary Yellen respected its decision not to disclose its foreign-exchange interventions. The yen had reached 32-year lows near 152 per dollar before the suspected intervention.
The exchange had raised questions about whether Japan and the US were at odds over currency policy.
Possible currency policy friction between Japan and the US could affect the scale and effectiveness of yen support, which matters for dollar-priced import costs. The direct effect on feed prices is small.
reuters.comTetsushi KajimotoOct 25, 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.
