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The Japanese yen has held steady over recent weeks despite volatility in other major currencies and heightened Fed tapering talk. Analysts attribute this to its role as a funding currency in carry trades, high net short speculative positioning, and an already-weak economic outlook priced in.
For feed buyers, yen strength or weakness changes the cost of Japanese import demand for US feed and affects dollar-denominated commodity pricing only marginally.
actionforex.comActionForex.comAug 27, 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.
