# Japan finance minister warns against excessive yen weakening

> Japan's finance minister Suzuki warned investors against selling the yen too aggressively as the currency weakened past 145 per dollar. The comments came at a level that made speculators wary of possible intervention by Japanese authorities.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/35731-japan-finance-minister-warns-against-excessive-yen-weakening
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A weaker yen raises the dollar cost of imported feed ingredients and fuel for Japan, which is a major buyer of grain and meal. Intervention risk could strengthen the yen and reverse some of that cost pressure.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japan-finance-minister-warns-against-excessive-yen-weakening-2023-06-30/

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