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Japanese Finance Minister Satsuki Katayama said the joint foreign exchange statement with the United States remains in effect and that Tokyo will act against disorderly yen moves. She declined to comment on specific FX levels, and Prime Minister Sanae Takaichi has said yen undervaluation is a problem.
USD/JPY was trading around 157.80 at the time of the remarks.
Official signals of possible intervention can cap yen weakness, which affects the cost of dollar-denominated feed purchases for Japan. The effect on grain prices is indirect and limited unless intervention shifts broader dollar flows.
fxstreet.comLallalit SrijandornNov 2, 2026Not 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.
