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Reuters explains what Japanese intervention to support the weak yen could look like, noting that the Ministry of Finance has historically sold yen to curb its rise. Authorities reportedly focus on the speed of yen declines and whether speculators are driving them, and 150 yen is cited as the next key level.
Yen weakness makes Japan's imports of feed raw materials and energy more expensive, so buyers should watch for intervention that could lift the yen. The mechanism links currency moves to Japanese import costs and demand for US and other origin feed.
reuters.comLeika KiharaJun 29, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
