# Japan's policymakers hold fire as yen enters intervention range

> The yen slid past 145 per dollar with little reaction from Japanese policymakers, reducing expectations of quick intervention. The Bank of Japan is slowly moving away from ultra-loose policy, but the wide yield gap with the US still encourages yen selling.

- Date: 2023-08-16 · published 2023-08-16T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/34825-japan-s-policymakers-hold-fire-as-yen-enters-intervention-range
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weak yen keeps Japanese import costs for feed and energy high, while the lack of intervention signals the currency may stay under pressure.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japans-policymakers-hold-fire-yen-enters-intervention-range-2023-08-15/

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