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The yen rose more than 1% against the dollar after the Bank of Japan conducted a rate check to prepare for possible intervention. Finance Minister Suzuki said yen moves had been rapid and one-sided and that buying yen was an option.
Signals of intervention can strengthen the yen and ease dollar pressure on Japanese feed import costs. Any intervention is a currency measure with limited direct effect on feed supply.
cnbc.comReutersSep 14, 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.
