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CIBC analysts forecast USD/JPY at 104 by Q2 and 101 by Q4 after the Bank of Japan upgraded its economic outlook on fiscal stimulus. They noted that the 10-year JGB yield had risen swiftly and could trigger equity drawdowns.
Analysts remain constructive on risk assets over the long term.
A stronger yen outlook and fiscal stimulus in Japan affect import purchasing power for feed ingredients priced in dollars. The forecast is a currency view with limited immediate effect on feed commodity prices.
forexcrunch.comFX StreetJan 28, 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.
