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Japan and the US agreed to communicate closely on foreign exchange as the yen fell to a six-year low of 125.10 per dollar on Monday. The yen has lost nearly 7% against the dollar so far this year.
Possible coordinated FX intervention could strengthen the yen and ease import costs for Japanese feed buyers. Without action, continued yen weakness keeps dollar-denominated grain and meal more expensive in yen terms.
reuters.comTetsushi KajimotoMar 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.
