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The yen is regaining its status as the most popular funding currency for carry trades, as the Bank of Japan signals it will keep yields low while the Fed and European central banks turn hawkish. A special BOJ bond-buying operation reinforced that stance this week.
Analysts warn the yen could revert to a safe haven if Ukraine tensions rise or a hawkish Fed triggers a selloff.
A weaker yen raises the cost of imported feed ingredients and freight priced in dollars for Japanese buyers. Shifts in the yen-dollar rate can change the landed cost of US feed grains and meal.
nippon.comFeb 16, 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.
