Loading…
The yen briefly fell into the 137-per-dollar range on June 29, its weakest level since September 1998. The decline reflects divergence between Fed rate hikes and the Bank of Japan's ultra-loose policy.
A weaker yen raises the yen cost of dollar-denominated feed grain and meal imports into Japan, supporting higher domestic feed prices.
asia.nikkei.comNikkei staff writersJun 29, 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.
