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The RBA's February 2019 Statement on Monetary Policy describes the January 3 yen flash event, when the yen rose sharply against the dollar during thin Asian trading. The Australian dollar also fell sharply in that period.
Prices and liquidity recovered quickly with no systemic effects.
The episode is a currency market-structure event with no direct link to feed commodity supply or demand, so its price effect on feed inputs is negligible.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaFeb 10, 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.
