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The yen rose against the dollar after Tokyo core CPI came in at 0.7%, below forecasts, while Japanese unemployment fell to 2.2%. Preliminary industrial production rose 1.3%, above expectations, and USD/JPY traded near 106.2.
Currency moves in the yen are a macro factor for dollar-denominated commodity prices and import costs for Japanese buyers, but this routine FX move has little direct effect on feed grain or protein supply and demand.
economies.comRami HaddadAug 30, 2019Not 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.
