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Japan's deputy chief cabinet secretary said on October 20, 2021 that the government will watch currency moves closely after the yen fell to a four-year low of 114.585 per dollar. The dollar had gained 4.6% against the yen since mid-September.
Rising energy prices are adding to household and retailer costs.
A weak yen raises the yen cost of imported feed grains, meal and energy, which squeezes Japanese livestock and food margins. Continued yen weakness keeps dollar-priced commodity imports expensive for Japanese buyers.
businesstimes.com.sgOct 20, 2021Not 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.
