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The yen rallied close to 4% against the dollar in a flash move during thin holiday trading the previous week. Market expectations point to further gains, with Deutsche Bank forecasting a move toward 100 yen per dollar, a level last seen in 2016.
The article is a short excerpt.
A possible move toward 100 yen per dollar would be a significant shift in currency pricing for dollar-based commodity trade. The effect on feed markets would come mainly through dollar and import-cost channels.
bloomberg.comCharlotte RyanJan 11, 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.
