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Nikko Asset Management's John Vail said the yen is unlikely to strengthen sharply toward 100 per dollar without a negative shock. The yen traded near 104.70 per dollar, and Vail cited Japanese officials' opposition to a stronger currency.
A stable yen near 104-106 limits currency-driven swings in Japanese import demand for US feed ingredients. Feed buyers have little price impact to expect unless a shock moves the exchange rate.
cnbc.comEustance HuangOct 27, 2020Not 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.
