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Eisuke Sakakibara, Japan's former currency official, said the dollar could fall below 100 yen by the end of 2017 on Trump's apparent support for a weaker dollar. He cautioned that Tokyo's yen-selling intervention could backfire.
The dollar had recently hit a two-month low of 112.08 yen.
This is a forecast from a single commentator rather than a policy action, so its direct effect on feed prices is limited. It does signal that currency risk could weigh on the dollar and on dollar-denominated commodity prices.
reuters.comTetsushi KajimotoFeb 6, 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.
