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The yen has fallen to multi-decade lows against the dollar mainly because the Bank of Japan keeps rates near zero while the US Federal Reserve and other central banks raise rates. Bloomberg notes that the steep slide has raised questions about possible government intervention.
Persistent yen weakness raises the local-currency cost of imported feed ingredients for Japanese buyers, and intervention risk could cause sharp currency reversals.
bloomberg.comYoshiaki NoharaJun 10, 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.
