# Japan says ready to act as U.S. inflation data triggers broad dollar losses | Financial Post

> Japanese authorities warned they were ready to act against sharp yen moves after softer-than-expected US inflation triggered a broad dollar sell-off. The yen rose to 140.94 per dollar, its biggest one-day gain since 2008. Officials declined to confirm whether they had intervened.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/38938-japan-says-ready-to-act-as-u-s-inflation-data-triggers-broad-dollar-losses
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Verbal intervention threats and possible action put a floor under the yen, which affects the dollar cost of Japanese purchases and the yen-denominated value of dollar-priced grain and oilseed imports.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/japan-says-ready-to-act-as-u-s-inflation-data-triggers-broad-dollar-losses

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