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The yen traded near a nine-month low against the dollar as risk appetite improved on expectations that China would take more steps to ease the economic impact of the COVID-19 outbreak. The yuan weakened after China cut its benchmark loan prime rate.
Yen weakness mainly affects Japanese import costs and has limited direct effect on feed grain prices. Broader risk sentiment from Chinese stimulus can modestly support commodity demand.
japantimes.co.jpNo AuthorFeb 20, 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.
