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Nordea analysts say the Fed's large quantitative easing and possible yield curve control suggest US real rates could fall, pressuring USD/JPY toward 105. They also argue the market is moving out of the crisis phase, so other drivers may come to matter more.
Their view is that USD/JPY is overshooting US real rates.
Lower US real rates and a weaker dollar against the yen are a currency-market view with little direct effect on feed commodities. Any shift in dollar strength could slightly change the competitiveness of US feed exports.
forexcrunch.comFX StreetMar 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.
