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The yen's real effective exchange rate has fallen to its lowest level in 50 years, according to J.P. Morgan analysts.
They expect further weakness, which would erode Japanese consumers' purchasing power and raise capital flight risk.
A structurally weak yen makes dollar-priced grain, meal and energy imports more expensive for Japanese feed buyers, though this is a currency-level story rather than a direct supply shock.
reuters.comKevin BucklandJan 6, 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.
