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The Japanese yen weakened against the dollar on Tuesday as analysts warned of a possible double-dip recession from rising COVID-19 infections. The BoJ kept its policy unchanged and said it would not hesitate to add easing if needed.
Tokyo, Osaka and two other areas were under a third two-week state of emergency.
A weaker yen and renewed recession risk raise the yen cost of dollar-priced feed imports for Japanese buyers. The impact on global feed prices is small.
fxdailyreport.comDaffa ZakyApr 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.
