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Analysts at CBA Global Markets remain bullish on USD/JPY despite a roughly 7% decline this year, arguing US tax cuts and a weak yen could restart the rally. The article notes a retreat after the post-election spike and support near 110, with the 200-day moving average near 108.25.
Expectations of a stronger dollar against the yen would raise yen-based feed import costs for Japan, though the effect on feed prices would be modest.
exchangerates.org.ukJames ElliotMar 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.
