# Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

> The dollar fell against the yen after a report said some Fed officials were uneasy about large rate rises, while the Fed still lined up another big hike for November. Traders suspected Bank of Japan intervention to support the yen.

- Date: 2022-10-21 · published 2022-10-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/39332-dollar-sinks-vs-yen-boj-intervention-suspected-ahead-of-weekend
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Yen weakness and the dollar's rally weigh on dollar-priced commodity demand from Japan, and a softer dollar would modestly support US commodity prices.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/europe/sterling-dips-after-truss-resigns-fragile-yen-weakens-past-150-level-2022-10-21/

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