# Japan confirms record interventions to support yen | Reuters

> Japan confirmed record foreign exchange interventions in October, selling $48 billion (6.35 trillion yen) to support the yen. The yen had dropped to a 32-year low of 151.94 per dollar on October 21 before the intervention.

- Date: 2023-02-07 · published 2023-02-07T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/37562-japan-confirms-record-interventions-to-support-yen-reuters
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Large official yen-buying shows Japanese authorities actively managing currency weakness that raises import costs for feed. The intervention is a macro event with limited direct effect on grain prices.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japan-confirms-fx-interventions-twice-oct-support-yen-2023-02-07/

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