Loading…

UOB analysts describe volatile USD/JPY trading between 157.39 and 158.74, closing at 158.42 as lower US yields supported the yen. They see a 157.70–158.70 range for the day and a one-to-three-week range of 157.00–159.00.
Yen moves against the dollar affect the purchasing power of Japanese feed importers buying US corn, soybeans and meal. A range-bound pair implies no major currency-driven shift in import costs.
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.