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Bloomberg's survey of currency strategists projects the yen will strengthen from about 113.30 per dollar to 105 by 2020. Some bullish forecasts, including from Commerzbank and Morgan Stanley, see it below 100.
Commerzbank attributes the expected rally to tighter Bank of Japan policy rather than safe-haven demand.
Forecasts of a stronger yen would lower Japan's import costs for feed ingredients over time, but the effect on global grain and meal prices is limited and long-dated.
afr.comAustin WeinsteinNov 29, 2018Not 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.
