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Bloomberg reports that Japan's margin traders have grown in influence as ultra-low Japanese bond yields push them to bet on overseas currencies. The piece points to the yen's surge against all 146 peers in early January as the event that drew attention to them.
Feed buyers have little direct exposure to currency speculation, so this has no clear effect on grain, oilseed or feed prices.
bloomberg.comMasaki KondoFeb 12, 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.
