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Japan's Finance Minister Shunichi Suzuki said the government's currency interventions have been stealth operations designed to maximise their impact. Japan spent 6.35 trillion yen (about $42.7 billion) on intervention in October to support the yen.
The yen was trading near 148.70 per dollar, below the 150 threshold.
Yen-buying intervention strengthens the yen against the dollar, which lowers the yen cost of dollar-priced imports such as feed ingredients and energy. The scale of the spending also signals that Tokyo may step in again, limiting further dollar gains.
reuters.comTetsushi Kajimoto, Leika KiharaNov 1, 2022Not 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.
