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Barclays analysts said Japanese bond investors have grown more bearish on the yen, with the USD/JPY diffusion index falling from -15 to -20. Expectations of a yen decline rose to 50% from 40% in the surveys.
A weaker yen expectation implies a firmer dollar against the yen, which raises the local-currency cost of dollar-priced grain and feed imports into Japan.
octaafrica.netJun 28, 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.
