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Japan intervened to support the yen, which jumped as much as 2.2% against the dollar to about 140.31. The yen had lost 22% of its value this year, weighed down by the Bank of Japan's low-rate policy.
Currency moves shift import costs for Japanese feed buyers and affect dollar-based commodity prices. The intervention is a short-term currency event with limited direct effect on feed supply.
reuters.comReutersOct 1, 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.
