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The yen weakened after the dollar rebounded above 112.00 on September 26 and recovered the losses from the prior North Korea-related risk-off move. The article discusses Japan's upcoming snap election and analyst views that Prime Minister Abe is likely to win.
Nomura said the risk of Abe's early resignation remains low.
A stable Japanese political outlook supports the current yen trend and steady USD/JPY levels. Currency moves of this kind have little direct effect on feed commodity prices.
exchangerates.org.ukFrançois AuréSep 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.
