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Japan's Finance Ministry foreign exchange chief, Masatsugu Asakawa, said Trump's yen comments were wide of the mark. He argued that Japan's monetary policy is aimed at beating domestic deflation rather than at the exchange rate.
The official pushback signals Tokyo will not change policy to satisfy US currency demands, so yen direction stays driven by rate differentials. That keeps currency-driven swings in dollar-priced feed inputs limited.
bloomberg.comMaiko Takahashi, Connor CisloFeb 1, 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.
