
Early Tokyo trading on 2 November showed the yen flat around ¥157.58-60 per dollar, 3 sen weaker than Friday's close, as investors positioned ahead of the US midterm election count. The yen gained against the euro, trading near ¥175.89-92, while the euro weakened against the dollar on French fiscal concerns.
Yen weakness against the dollar keeps Japanese import costs for US-priced feed ingredients elevated, while the euro's dip against the dollar lowers the dollar cost of euro-zone-sourced feed inputs.
Not enough comparable past events yet for a historical read.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
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.