# USD/JPY Tries To Settle Above 148.50 As Traders Shrug Off Intervention Fears | FXEmpire

> USD/JPY attempted to settle above 148.50 as traders looked past intervention fears and focused on the Bank of Japan's dovish policy. Japanese retail sales and industrial production data were released. AUD/USD fell below 0.6400 amid a broad pullback in commodity markets.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/39372-usd-jpy-tries-to-settle-above-148-50-as-traders-shrug-off-intervention-fears
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A broad commodity pullback and a firmer dollar weigh on dollar-priced grain and oilseed values. Yen weakness keeps Japanese import costs elevated.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/usd-jpy-tries-to-settle-above-148-50-as-traders-shrug-off-intervention-fears-1179987

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