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The Tokyo interbank rate used for short-term yen financing jumped to its highest level in months. The rise followed fading expectations of a Bank of Japan rate cut and higher long-term US Treasury yields.
Higher yen funding costs tighten conditions for Japanese and regional borrowers and can support the yen against the dollar. The effect on feed commodity prices is indirect.
asia.nikkei.comDec 23, 2016Not 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.
