# Yen steady after intervention warning, dollar dips

> The yuan gained in the offshore market to 7.2525 per dollar after earlier falling to a four-month low of 7.2810. State-owned banks were reportedly selling dollars and the central bank set strong official guidance.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/31444-yen-steady-after-intervention-warning-dollar-dips
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

State support for the yuan limits the currency's downside, which keeps Chinese import costs for feed stable. The effect on feed prices is minor.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-07-20 | [Dollar sees biggest one-day drop in 3 weeks after Trump comments](https://feedsoft.ai/events/64217-dollar-sees-biggest-one-day-drop-in-3-weeks-after-trump-comments.md) | +0.2% | +1.6% |
| USDCNY | 2017-10-18 | [China has ‘halted intervention in yuan exchange rate market’ \| South China Morning Post](https://feedsoft.ai/events/68678-china-has-halted-intervention-in-yuan-exchange-rate-market-south-china-morning.md) | +0.2% | -0.0% |
| USDCNY | 2025-06-18 | [Yuan holds steady against dollar as regulators vow stability](https://feedsoft.ai/events/24431-yuan-holds-steady-against-dollar-as-regulators-vow-stability.md) | -0.1% | -0.0% |
| USDCNY | 2023-05-22 | [Dollar gains against yen as Fed policy and debt ceiling in focus - Reuters](https://feedsoft.ai/events/36140-dollar-gains-against-yen-as-fed-policy-and-debt-ceiling-in-focus-reuters.md) | +0.8% | +2.5% |
| USDCNY | 2017-07-28 | [IMF says dollar overvalued while China’s yuan and Japanese yen in line with fundamentals \| South China Morning Post](https://feedsoft.ai/events/70194-imf-says-dollar-overvalued-while-china-s-yuan-and-japanese-yen-in-line-with.md) | -0.4% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/intervention-threat-curbs-dollars-ascent-towards-new-high-yen-2024-03-25/

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