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The yen weakened against the Swiss franc and Aussie as US and UK rate hike bets firmed and Omicron-driven inflation fears rose. Analysts flagged the 118.60 dollar/yen high from 2017 as a possible next target.
Yen weakness driven by widening rate differentials raises the yen cost of dollar-priced feed imports into Japan, supporting higher landed costs for corn, meal and other feed ingredients.
reuters.comTom WestbrookJan 5, 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.
