# Japan's stealth yen intervention aims for maximum impact - finance minister | Reuters

> 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.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/38936-japan-s-stealth-yen-intervention-aims-for-maximum-impact-finance-minister
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yen-stealth-intervention-aimed-maximising-effects-says-japan-finance-minister-2022-11-01/

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