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Japan spent a record of almost $74 billion over the past month propping up the yen after it slid past 160 per dollar, according to Finance Ministry data. It is the government's first market intervention since 2024.
Large yen-buying intervention signals official resistance to further yen weakness, which can ease pressure on USD-priced feed imports into Japan and support yen purchasing power for feed buyers.
bloomberg.comErica Yokoyama, Mia Glass, Masahiro HidakaJun 1, 2026Not 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.
