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The Japanese yen weakened against the dollar for a second day on Monday, giving back most of its prior-week rally. The rally had followed BOJ Governor Ueda's comments on exiting negative rates, which traders judged not to be a concrete commitment.
Investors were also awaiting US inflation data and three major central bank meetings.
A weaker yen makes dollar-priced imports such as feed ingredients more expensive for Japanese buyers, while expectations of continued ultra-loose policy keep the yen under pressure.
cnbc.comReutersDec 11, 2023
reuters.comDec 11, 2023Not 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.
