Loading…
The yen rebounded after a sharp drop in USD/JPY from above 160, which suggests Japanese Ministry of Finance intervention, though officials have not confirmed it. Analysts expect repeated intervention may be needed to push USD/JPY back toward 152, and they see Fed easing and BoJ hikes as the longer-term support for the yen.
The article also argues that the yen rebound should ease fears of an abrupt yuan depreciation.
A stronger yen lowers Japan's cost of dollar-priced commodity imports and eases concern about regional currency competition, but its effect on feed prices is indirect.
bankofsingapore.comMay 7, 2024Not 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.
