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TD analysts say USD/JPY has decoupled from US Treasury yields and the Nikkei, possibly due to a policy shift expectation at the BOJ, USD shorts rotating into yen, or Japanese investor rebalancing. They flag 10-year US yields near 2.60-2.65% as a resistance zone.
The yen's behavior affects dollar-based commodity pricing for importers, but this is a currency-positioning analysis with no direct supply or demand effect on feed markets.
Not 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.