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USD/JPY climbed to 113.50 and EUR/JPY broke above its long-running range after the Bank of Japan kept its policy unchanged with no hawkish signals. Core inflation was around 0.2%, and rising US yields were cited as the main pressure on the yen.
Yen weakness and rising US yields reinforce a firmer dollar, which can make US feed exports relatively cheaper for yen buyers but raise dollar-priced import costs elsewhere. The impact on grain prices is limited.
exchangerates.org.ukFrançois AuréDec 23, 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.
