
On November 3, the yen weakened 0.75 yen to 158.64-158.74 per dollar in New York trading, while the euro traded at 177.57-177.67 yen. US employment data showed labor market resilience, which raised expectations of further rate hikes and pushed up US long-term yields.
Yen selling against the dollar led the market on the widening Japan-US rate gap.
A weaker yen makes dollar-priced feed imports more expensive for Japanese and other yen-based buyers, while currency moves of this size do not by themselves shift grain or meal prices.
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.