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The AUD/JPY cross fell toward 110.20 in Asian trading after the RBA raised its cash rate 25 basis points to 4.85%, its fifth hike this year and highest level in 18 years. The vote was 6-3, and traders were watching for intervention warnings from Japanese authorities.
Higher Australian rates and yen intervention risk drive currency volatility that can shift the cost of Australian and Japanese purchases of feed inputs. The direct impact on grain and meal prices is limited.
Not 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.