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The yen weakened past 112 per dollar as recession fears grew over the coronavirus impact on regional economies and speculation about Japanese capital outflows. ING notes the yen's fall looks stretched on its short-term model, with Covid-19 case growth appearing to slow.
Currency moves in yen and China-linked currencies affect Asian import purchasing power for feed ingredients and reflect weaker expected Chinese demand.
think.ing.comFrancesco PesoleFeb 20, 2020Not enough comparable past events yet for a historical read.
Not 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.
