# Yen's slide eases as finance meeting raises hints of intervention - Nikkei Asia

> The yen's decline eased after a rare meeting of Japan's top financial authorities raised concerns that Tokyo might intervene in currency markets. The pace of the yen's drop has remained modest.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/36167-yen-s-slide-eases-as-finance-meeting-raises-hints-of-intervention-nikkei-asia
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A yen intervention would strengthen the yen against the dollar, lowering Japan's import costs for feed-related goods and reducing dollar-denominated feed purchase costs in yen terms.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/yen-s-slide-eases-as-finance-meeting-raises-hints-of-intervention

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