Loading…
A Japanese government panel member said the Bank of Japan's yield cap is driving a negative spiral in the yen. The yen hit a 24-year low of 136.71 per dollar on Wednesday before recovering to about 135.46 on Thursday.
A weaker yen makes dollar-priced feed imports more expensive for Japan and raises domestic feed costs, while the currency gap is a macro pressure on import-dependent buyers.
reuters.comLeika Kihara, Yoshifumi TakemotoJun 23, 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.
