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The dollar weakened against the yen as a risk-averse mood spread, driven by anticipation of the Trump-Xi meeting and a suicide bombing in St. Petersburg. Treasury yields had fallen to one-month lows despite decent US economic data.
The dollar was down 0.2% at 110.66 yen after touching its lowest level in a week.
Safe-haven flows and narrower yield spreads pushed USD/JPY lower on this day. Feed buyers would see this only as a currency move, with no direct effect on feed supply or costs.
asiatimes.comReutersApr 4, 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.
