# US dollar dips from 8-week high vs yen as intervention fears intensify | Reuters

> The dollar slipped from an eight-week high against the yen on Monday, as traders stayed alert for government intervention after the yen neared 160. The yen has been pressured after the Bank of Japan postponed reducing its bond-buying stimulus until July.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/30028-us-dollar-dips-from-8-week-high-vs-yen-as-intervention-fears-intensify-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Intervention risk limits further yen weakness, but the yen is still down about 12% this year, keeping Japanese dollar-priced import costs high. The Bank of Japan's July decision is a potential next catalyst.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-steady-ahead-inflation-reading-yen-teeters-toward-160-2024-06-24/

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