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A JP Morgan note said falling global yields slow Japanese purchases of overseas assets and reduce unhedged outflows from the yen. It estimated that outflows could drop from about JPY20 trillion to about JPY10 trillion over 12 months, which would remove a hurdle to sustained yen appreciation.
A stronger yen would lower the yen cost of US dollar-priced feed imports, a modest support for Japanese feed buyers. The note is a forecast about capital flows, not a supply or demand shock for grains.
investinglive.comOct 13, 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.
