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USD/JPY fell last week as the yen rallied, with speculators unwinding short yen positions. MUFG's Takahiro Sekido said exporter and investor yen buying weighed on the pair, and expectations for Bank of Japan yield normalization supported the currency.
This is currency positioning with no direct link to feed grains or protein. The effect on feed prices is indirect, through a firmer yen and a softer dollar that can ease import costs for Japan.
octaafrica.netNov 27, 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.
