# Japan spent $36.8 billion in July intervention, official data shows

> Japanese authorities spent 5.53 trillion yen, about $36.8 billion, intervening in foreign exchange markets in July to lift the yen off 38-year lows. Official data covering June 27 to July 29 was released on Wednesday.

- Date: 2024-08-01 · published 2024-08-01T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/29528-japan-spent-36-8-billion-in-july-intervention-official-data-shows
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Large yen-buying intervention strengthens the yen against the dollar, which lowers Japan's import costs in dollars but has limited direct effect on feed commodity prices.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japan-spent-368-billion-july-intervention-official-data-shows-2024-07-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.