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Japanese Finance Minister Taro Aso called the yen's recent rise 'rapid' and said he is closely monitoring it. The dollar hit a 4.5-month low of 104.52 yen on Friday and has lost 3.1% this month.
A stronger yen erodes the competitiveness of Japan's export-led economy and can prompt intervention, adding currency volatility to dollar-denominated feed commodity trade with Japanese buyers.
brecorder.comReutersJul 31, 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.
