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On August 24, 2018, the yen fell for a fourth straight session against the dollar, with USD/JPY near 111.38, as investors awaited Fed Chair Powell's Jackson Hole speech. Japanese July CPI rose 0.9% year on year but came in below forecasts.
The move reflects Fed policy expectations and Japanese inflation data rather than agricultural supply. Dollar strength of this size has only a modest indirect effect on US feed export competitiveness.
economies.comRami HaddadAug 24, 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.
