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The yen traded in a tight range near 107.41 per dollar ahead of a Bank of Japan meeting that may consider scrapping limits on bond purchases and easing funding for coronavirus-hit companies. Traders also awaited Fed and ECB meetings, with the ECB possibly extending debt purchases to junk bonds.
Central bank easing across major economies weighs on currencies and can support commodity prices, but the yen move itself has little direct effect on feed ingredient prices.
whbl.comSyndicated ContentApr 27, 2020After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
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.
