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The yen has weakened to 20-year lows near 130 per dollar as oil and other goods prices surge partly due to the Ukraine war. The currency's decline is mainly driven by ultra-low Japanese rates diverging from rising US rates.
A weak yen raises Japan's import costs for feed grains and energy, squeezing livestock margins and supporting dollar-priced commodity import demand.
apnews.comYuri KageyamaMay 25, 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.
