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The dollar traded around 158.30 yen in Tokyo on November 9, after rising in New York on November 6 following resilient U.S. jobs data. Buying momentum faded in Tokyo, while comments from Bank of Japan Governor Kazuo Ueda kept expectations of a December rate hike in focus.
Expectations of a BOJ rate hike support the yen and limit dollar gains, creating some downside risk for USD/JPY. The article describes a currency-market move rather than a direct change in agricultural 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.