# Japan spent record $42.8 bln in October interventions to prop up yen | Financial Post

> 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.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/39368-japan-spent-record-42-8-bln-in-october-interventions-to-prop-up-yen-financial
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- USDJPY: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/japan-spent-record-42-8-bln-in-october-interventions-to-prop-up-yen

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