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The yen has fallen to historic lows against the dollar, and analysts expect it to stay significantly weaker for years. The move has unsettled global money flows and exposed tension between the Bank of Japan's inflation-stoking stance and government pressure.
A much weaker yen raises Japan's import costs for feed and energy while a strong dollar makes US-priced grains and meal more expensive for importers using other currencies, a headwind for feed buyers outside the US.
bloomberg.comYoshiaki NoharaApr 28, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
