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The yen traded near 110.99 per dollar, close to a three-month low, and hit a two-week low against the euro. Rising US and European bond yields drew Japanese investors into overseas assets.
The Fed had said it may start tapering stimulus as soon as November.
Yen weakness and rising US yields raise the cost of imported feed for Japan while supporting dollar-priced US exports. The effect on feed prices is indirect and driven by currency and rate moves.
actionforex.comTD Bank Financial GroupSep 29, 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.
