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The yen has recently traded in a range of 157–158 per dollar. Standard Chartered said safe-haven demand and hawkish signals in Bank of Japan meeting minutes have supported the currency, while investors await the GPIF’s quarterly report on its asset allocation.
A stronger yen can reduce the local-currency cost of imported feed and agricultural commodities for Japanese buyers. The article points to currency support, but does not identify a direct change in commodity supply or demand.
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.