# Yen hits 11-month low against dollar, watched for intervention risk | Reuters

> The dollar hit an 11-month high against the Japanese yen on Monday and a nearly 10-month high against a basket of currencies. The move followed the Federal Reserve's signal that it could raise rates further and hold them higher for longer.

- Date: 2023-09-25 · published 2023-09-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34307-yen-hits-11-month-low-against-dollar-watched-for-intervention-risk-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker yen and firmer dollar raise the cost of imported feed inputs for Japan and push Asian buyers toward cheaper supplies, a modest bearish pressure on US feed prices.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-25 | [Dollar rises from one-month low on prospect of higher interest rates \| Reuters](https://feedsoft.ai/events/7163-dollar-rises-from-one-month-low-on-prospect-of-higher-interest-rates-reuters.md) | +0.4% | +1.7% |
| DXY | 2023-09-29 | [Yen intervention a hard sell even as 150 to the dollar 'red line' beckons \| Reuters](https://feedsoft.ai/events/34347-yen-intervention-a-hard-sell-even-as-150-to-the-dollar-red-line-beckons-reuters.md) | +1.1% | +0.9% |
| DXY | 2024-04-16 | [Dollar hits 5-month high against euro; yen weakest since 1990](https://feedsoft.ai/events/30942-dollar-hits-5-month-high-against-euro-yen-weakest-since-1990.md) | +0.5% | -0.3% |
| DXY | 2026-03-27 | [Pound heads for biggest monthly loss against the safe-haven dollar since October \| Reuters](https://feedsoft.ai/events/20428-pound-heads-for-biggest-monthly-loss-against-the-safe-haven-dollar-since.md) | +0.1% | -1.4% |
| DXY | 2021-10-11 | [Forex markets: Dollar hits more than 2-year high against yen](https://feedsoft.ai/events/44794-forex-markets-dollar-hits-more-than-2-year-high-against-yen.md) | -0.5% | -0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/sliding-yen-stokes-intervention-threat-dollar-reigns-2023-09-25/

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