# Yen jumps against dollar on possible intervention

> The yen jumped as much as 5 yen against the dollar from a 34-year low on suspected Japanese intervention, the first in 18 months. The dollar had reached 160.245 earlier, and the move came as the dollar retreated after signs of a possible US-Iran deal.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/30963-yen-jumps-against-dollar-on-possible-intervention
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Intervention can cap dollar strength temporarily, easing import costs for Japanese feed buyers, though the underlying rate gap keeps pressure on the yen.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-30 | [Yen jumps on intervention threat as dollar pulls back](https://feedsoft.ai/events/19937-yen-jumps-on-intervention-threat-as-dollar-pulls-back.md) | -0.8% | -0.1% |
| DXY | 2026-07-31 | [Dollar slips against yen as intervention risks drag \| Reuters](https://feedsoft.ai/events/18579-dollar-slips-against-yen-as-intervention-risks-drag-reuters.md) | -0.1% | -1.1% |
| DXY | 2025-12-22 | [Japan's yen gains on intervention signals, softer US dollar](https://feedsoft.ai/events/21750-japan-s-yen-gains-on-intervention-signals-softer-us-dollar.md) | -0.5% | -0.7% |
| DXY | 2026-02-01 | [Yen jumps in broad hit to dollar as Japan intervention risks grow](https://feedsoft.ai/events/21292-yen-jumps-in-broad-hit-to-dollar-as-japan-intervention-risks-grow.md) | +0.3% | +0.7% |
| DXY | 2025-12-22 | [Japan's yen rises vs dollar on intervention hints; US dollar slumps \| Reuters](https://feedsoft.ai/events/21744-japan-s-yen-rises-vs-dollar-on-intervention-hints-us-dollar-slumps-reuters.md) | -0.5% | -0.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/04/29/dollar-a-tad-softer-as-markets-wait-for-fed.html

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