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MUFG analysts argued that the scope for yen depreciation is limited because nominal yield spreads have been an unreliable driver of USD/JPY. They pointed to a rise in Japanese real yield spreads and a recent correction in Japanese equities as factors affecting the pair.
This is analytical FX commentary on the drivers of the yen, with no direct effect on feed supply or demand. Its relevance to feed prices is indirect, through currency-driven import costs.
octaafrica.netNov 21, 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.
