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Sayuri Shirai writes that the Fed's dovish shift at the start of 2019 has created uncertainty for Japan's exchange rate and markets. The yen has settled around 109 to 110 per dollar, weaker than the 110 to 115 range of the prior half-year.
She also cites the January 3 yen flash crash, when the yen rose nearly 4% to about 104 in under 10 minutes.
Yen volatility and Fed policy shifts can move the dollar, which indirectly affects dollar-priced feed commodities, but the article does not describe a feed-specific change.
japantimes.co.jpSayuri ShiraiFeb 17, 2019After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Not 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.
