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The yen was little changed in Asian trade after hitting three-month lows the previous week, with USD/JPY near 109.11. The Bank of Japan kept rates unchanged and pledged to meet its inflation target, while traders awaited the US payrolls report and FOMC meeting.
Currency moves of this size are routine and do not materially change feed input costs. The yen's weakness modestly supports Japanese import demand for US feed commodities.
economies.comRami HaddadApr 30, 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.
