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USD/JPY held above 107.00 on Monday after Japan reported a first-quarter GDP contraction of 0.9% and Fed Chair Powell gave optimistic remarks on the economy. Trade tensions after a US move to block chip supplies to Huawei kept gains limited.
This is FX market commentary; the Huawei chip restriction signals rising US-China friction that could affect purchase sentiment for US farm goods, but the article does not connect it to feed prices.
octaafrica.netMay 18, 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.
