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The yen traded near 158 per dollar in Tokyo and New York sessions, with stronger US economic data lifting expectations of further Fed rate hikes. Brief yen buying occurred during US election vote-counting and a Japanese equity drop.
Rising Fed hike expectations support the dollar, a modest headwind for dollar-priced commodity imports; the effect on feed prices is limited.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.