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Brown Brothers Harriman explains why the yen strengthens during geopolitical tension, citing unwinding of yen-funded carry trades. The analysis notes that North Korea's missile flew over Japan for the first time in a year.
Carry-trade unwinds drive short-term currency swings that affect the dollar value of imported feed inputs, but the effect on grain and oilseed prices is indirect.
octaafrica.netAug 29, 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.
