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An Economist column argues the yen is the rich world's cheapest currency, citing low inflation, cheap stocks and a strong international balance sheet. It notes that capital is shifting toward assets that were previously unloved, such as oil, mining and bank stocks.
The piece is an opinion on currency valuation.
A cheap yen and capital rotation into commodity-linked assets could support Japanese demand for imports but has limited direct effect on feed prices. Its impact on grain markets is indirect.
economist.comFeb 26, 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.
