# Japan yen: Authorities hint at intervention option

> Japanese authorities signalled readiness to act against disorderly yen moves after the currency hit a 34-year low of 151.97 per dollar. Top currency diplomat Masato Kanda said he would not rule out any steps, and the yen recovered slightly from that level.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/31447-japan-yen-authorities-hint-at-intervention-option
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Intervention threats can cap USD/JPY upside and cut the cost of yen-priced imports, but feed buyers importing Japanese-linked inputs should watch for the currency swings that follow.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japan-finmin-suzuki-take-decisive-steps-vs-excessive-yen-moves-2024-03-27/

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