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Japanese financial institutions paid nearly 2% annualized to buy dollars with yen at the end of November, the highest cost since 2008. The increase reflects expectations of wider US-Japan interest rate gaps.
The higher cost of dollar funding reflects a stronger dollar outlook, which can pressure dollar-priced commodity imports for Japanese buyers. The effect on feed prices is indirect and limited.
asia.nikkei.comDec 4, 2017Not 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.
