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The BOJ intensified its defense of the 0.25% yield cap with heavy bond buying, pushing the yen to six-year lows against the dollar. Raw material import costs are already soaring, adding strain to households and retailers.
A weaker yen makes dollar-priced imports such as feed grains and energy more expensive for Japanese buyers. The currency effect can raise landed feed costs even when US futures are flat.
reuters.comLeika KiharaMar 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.
