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The Bank of Japan kept its policy rate at 1.25% while signaling that another hike remains possible given persistent inflation and rising wages. The Federal Reserve held rates at 3.75%-4% in October, with two governors voting for a hike, and Chair Kevin Warsh said inflation remains too high.
Higher US and Japanese rate expectations tend to firm the dollar and yen dynamics that shape import costs for feed commodities priced in USD, with modest pressure on grain and meal prices through currency channels.
fxempire.comMuhammad UmairNov 1, 2026Not enough comparable past events yet for a historical read.
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.
