# IMF now comments on yen exchange rate - makes case for intervention

> An IMF official said after talks with Japanese authorities that they remain committed to flexible exchange rates. The IMF argued that foreign exchange intervention could reduce excess volatility and better align the yen with fundamentals. USD/JPY showed little response, having recently retreated from about 147.20.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32363-imf-now-comments-on-yen-exchange-rate-makes-case-for-intervention
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Possible yen intervention could push USD/JPY sharply lower, which would cut Japan's dollar-priced feed import costs. Markets are watching for this as a source of currency volatility.

## Read by commodity

- USDJPY: neutral

## Sources

- investinglive.com: https://investinglive.com/centralbank/imf-now-comments-on-yen-exchange-rate-makes-case-for-intervention-20240131/

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