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The yen was quiet in holiday trading as both the yen and dollar were weak, while commodity currencies such as the Australian dollar were top performers. Analysts said a Bank of Japan governor change in 2018 could eventually lead to policy normalization and yen strength.
Commodity-currency strength, such as the Australian dollar, can signal firmer export prices for Australian grains and oilseeds. The yen commentary is speculative and has limited near-term impact on feed prices.
exchangerates.org.ukFrançois AuréDec 29, 2017Not enough comparable past events yet for a historical read.
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.
