# Japan foreign reserves fall for third month after intervention

> Japan's foreign reserves fell for a third consecutive month in October. The decline reflected the record yen-buying intervention. Japan's Ministry of Finance also confirmed it had intervened only once in September, as announced.

- Date: 2022-11-08 · published 2022-11-08T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/38940-japan-foreign-reserves-fall-for-third-month-after-intervention
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Reserve drawdowns show the scale of Japan's yen defence, which bears on how much further it may spend to support the currency. A weaker intervention outlook keeps the dollar firm against the yen.

## Read by commodity

- USDJPY: neutral

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/japan-foreign-reserves-fall-third-000206199.html

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