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The Japanese yen fell against most currencies on Tuesday after weak Japanese data showed unemployment rising to 2.9% in May and industrial production falling 8.4%. USD/JPY rose 0.3% to 107.9 amid fears over a second coronavirus wave.
A weaker yen reflects softer Japanese industrial demand, which slightly reduces feed-related import demand in Asia. The move has little direct effect on feed commodity prices.
economies.comRami HaddadJun 30, 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.
