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MUFG economists expect the Japanese yen to keep underperforming the G10 currencies, especially non-dollar peers. They cite a likely extension of Japan's COVID-19 emergency through June 20, a BoJ pandemic relief program that will probably continue past September, and expected cross-border outflows from Japan.
A weaker yen raises the yen cost of imported feed ingredients and tends to support dollar-denominated commodity prices in yen terms. The outlook is a currency view rather than a supply shift, so the effect on feed prices is modest.
octabroker.comMay 28, 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.
