# Politics, Fed seen swaying Japan's yen intervention thinking | Reuters

> Japanese policymakers are weighing whether to intervene to support the yen, with the currency's weakness politically sensitive for Prime Minister Fumio Kishida and the Bank of Japan. The yen's direction is largely driven by dollar moves.

- Date: 2023-08-23 · published 2023-08-23T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/34823-politics-fed-seen-swaying-japan-s-yen-intervention-thinking-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen intervention would strengthen the currency and make dollar-priced imports cheaper for Japan, but the effect on grain and feed prices would be modest.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/politics-fed-seen-swaying-japans-yen-intervention-thinking-2023-08-23/

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