# USD/JPY: Yen Nears 150 Per Dollar, Stoking Intervention Speculation - Bloomberg

> The yen had weakened about 4.8% against the dollar so far in 2024 and was about two yen from 150 per dollar. Bloomberg reports there is no sign of imminent Japanese intervention, though speculation is building. The level was last seen in November, when officials warned they could act.

- Date: 2024-01-22 · published 2024-01-22T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/32364-usd-jpy-yen-nears-150-per-dollar-stoking-intervention-speculation-bloomberg
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen raises Japan's yen cost of dollar-priced feed grains and meal, which can squeeze feed margins. Intervention risk caps how far the pair can rise.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-01-22/yen-near-150-per-dollar-stokes-speculation-over-intervention

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