# Yen intervention watch redoubles after Fed, BOJ meetings - Nikkei Asia

> Analysts expect pressure on the yen to rise after the Fed and Bank of Japan policy decisions, as the Japan-US yield gap reached a 10-month high. The Fed signaled that rates will stay higher for longer. Currency watchers expect the dollar to remain strong and intervention watch to intensify.

- Date: 2023-09-24 · published 2023-09-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/34350-yen-intervention-watch-redoubles-after-fed-boj-meetings-nikkei-asia
- 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 widening rate gap supports a stronger dollar, which raises yen-based import costs for feed and lowers dollar-quoted commodity prices in relative terms.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-25 | [Yen hits 11-month low against dollar, watched for intervention risk \| Reuters](https://feedsoft.ai/events/34307-yen-hits-11-month-low-against-dollar-watched-for-intervention-risk-reuters.md) | +0.6% | +1.4% |
| DXY | 2019-07-30 | [Yen trades near three-week low before BOJ, Fed meetings \| Malay Mail](https://feedsoft.ai/events/58317-yen-trades-near-three-week-low-before-boj-fed-meetings-malay-mail.md) | +0.9% | +1.8% |
| DXY | 2022-09-23 | [Yen propped up after intervention, dollar powers through - Markets - Business Recorder](https://feedsoft.ai/events/39812-yen-propped-up-after-intervention-dollar-powers-through-markets-business.md) | +1.1% | +1.2% |
| DXY | 2022-08-29 | [Yen slides to 139 level on policy comment by Fed's Powell - Nikkei Asia](https://feedsoft.ai/events/40266-yen-slides-to-139-level-on-policy-comment-by-fed-s-powell-nikkei-asia.md) | +0.6% | +4.4% |
| DXY | 2025-07-31 | [USD/JPY: Yen falls post BoJ and Fed meetings - Currency Live](https://feedsoft.ai/events/24005-usd-jpy-yen-falls-post-boj-and-fed-meetings-currency-live.md) | -0.7% | -0.6% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-intervention-watch-redoubles-after-fed-boj-meetings

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