Loading…
One-week yen volatility against the dollar rose to a seven-month high as investors bought yen for protection ahead of the November 3 US election. USD/JPY traded near 104.22 after the Bank of Japan cut its fiscal-year growth forecast to a 5.5% contraction.
Election-related safe-haven demand pushed the yen stronger, which affects the yen cost of dollar-priced feed imports. Higher volatility raises hedging costs for Japanese importers but does not directly move grain supply or demand.
fxempire.comJames HyerczykOct 29, 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.
