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USD/JPY dropped to 1.5-month lows in early Asian trade on Monday after North Korea's latest ICBM test and a strong rebound in Japanese industrial production. The pair then recovered 20-25 pips to trade near 110.50 after softer US Q2 GDP data.
Yen moves against the dollar have little direct bearing on feed grain or meal prices, but a stronger yen can reduce the local-currency cost of US feed imports for Japanese buyers.
octaafrica.netJul 31, 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.
