# Japan says it's on standby to deal with 'one-sided' currency moves as yen tumbles | Reuters

> Japan said it is on standby to respond to one-sided currency moves after the yen came under broad selling pressure. Markets judged a tweak to the Bank of Japan's yield control policy insufficient to narrow the wide interest rate gaps that have weighed on the yen.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/33865-japan-says-it-s-on-standby-to-deal-with-one-sided-currency-moves-as-yen-tumbles
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Possible yen-buying intervention could reverse the currency's weakness quickly, which would affect the cost of Japanese purchases of U.S. feed commodities.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/asia/japans-top-fx-diplomat-says-recent-yen-moves-one-sided-speculative-2023-10-31/

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