# Japan's suspected FX intervention fails to stem yen slide

> A suspected Japanese foreign-exchange intervention failed to hold the yen, which jumped 4 yen to 145.28 per dollar before slipping back to around 148.80. The yen's slide is raising import bills and challenging the Bank of Japan's ultra-low rate policy. Markets remain focused on the rate gap with the Federal Reserve.

- Date: 2022-10-24 · published 2022-10-24T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/39370-japan-s-suspected-fx-intervention-fails-to-stem-yen-slide
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A persistently weak yen makes dollar-priced feed and grain imports more expensive for Japan. Intervention has only short-lived effects on that cost.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japan-finmin-suzuki-declines-say-whether-govt-intervened-prop-up-yen-2022-10-23/

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