# JPY USD: Yen Weakens Past 161 Per US Dollar as Intervention Bets Increase - Bloomberg

> The yen weakened past 161 per US dollar on Friday, its weakest level since 1986, amid broad dollar strength. The move raised expectations that Japanese authorities could intervene in the currency market, and traders were also watching the US inflation data and the first presidential debate.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/30016-jpy-usd-yen-weakens-past-161-per-us-dollar-as-intervention-bets-increase
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen raises Japan's import costs for feed ingredients and other commodities priced in dollars, which can weigh on Japanese buyers' demand. Intervention to support the yen could quickly reverse the move and change the cost outlook.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-06-28/yen-falls-through-161-per-dollar-as-intervention-wagers-increase

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