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Japan spent a record 6.35 trillion yen ($42.8 billion) on currency intervention in October to support the yen, according to the finance ministry. The spending was concentrated on unannounced interventions around Oct.
21 and 24. The yen has since weakened again to around 148 per dollar.
Large yen-buying interventions temporarily strengthen the yen and cut the dollar cost of Japanese imports, but the effect has faded. Feed buyers see little direct price impact.
financialpost.comReutersOct 31, 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.
