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New Japanese Prime Minister Yoshihide Suga's economic agenda, dubbed 'Suganomics', emphasizes deregulation. SMBC Nikko analysts expect the initial deflationary impact to push up short-term real interest rates and support the yen.
Expectations of a firmer yen would lower USD/JPY, which can modestly reduce the yen cost of imported US feed ingredients for Japanese buyers.
Not 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.