# 'Crazy' for Japan to Intervene on Yen Before Friday, Traders Say | Financial Post

> Traders say a Japanese intervention before Friday's US PCE inflation data would be highly risky, since the data could quickly reverse any move. The yen was about 12% weaker against the dollar this year and close to the 160 level that triggered intervention in April and May.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/30035-crazy-for-japan-to-intervene-on-yen-before-friday-traders-say-financial-post
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The timing of possible intervention around the PCE data adds volatility to the yen and to dollar-priced import costs in Japan. A stronger-than-expected US inflation reading could push the yen toward 161 and beyond.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/crazy-for-japan-to-intervene-on-yen-before-friday-traders-say

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