# Race to rein in strong dollar is on after Japan intervenes

> Japan intervened in currency markets to slow the yen's slide against a surging U.S. dollar, and policymakers are seeking to curb the dollar's gains. The dollar rise followed aggressive Fed rate hikes, recession fears and the geopolitical fallout from Russia's invasion of Ukraine.

- Date: 2022-09-23 · published 2022-09-23T12:00:00.000Z
- Category: macro · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/39758-race-to-rein-in-strong-dollar-is-on-after-japan-intervenes
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Intervention that weakens the dollar could ease import costs for dollar-buying feed buyers in Asia, but a sustained shift depends on Fed policy, so price effects on feed commodities are uncertain.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-05-01 | [Dollar tumbles after Japanese intervention boosts yen](https://feedsoft.ai/events/19967-dollar-tumbles-after-japanese-intervention-boosts-yen.md) | -0.6% | +0.2% |
| DXY | 2026-07-31 | [US Treasury intervenes to support yen after Japan steps in, FT reports](https://feedsoft.ai/events/18582-us-treasury-intervenes-to-support-yen-after-japan-steps-in-ft-reports.md) | -0.1% | -1.1% |
| DXY | 2023-11-01 | [Yen rises after Japan ramps up intervention warning; US data weighs on dollar By Reuters](https://feedsoft.ai/events/33398-yen-rises-after-japan-ramps-up-intervention-warning-us-data-weighs-on-dollar-by.md) | -1.4% | -2.9% |
| DXY | 2025-12-22 | [Japan's yen gains on intervention signals, softer US dollar](https://feedsoft.ai/events/21750-japan-s-yen-gains-on-intervention-signals-softer-us-dollar.md) | -0.5% | -0.7% |
| DXY | 2026-02-01 | [Yen jumps in broad hit to dollar as Japan intervention risks grow](https://feedsoft.ai/events/21292-yen-jumps-in-broad-hit-to-dollar-as-japan-intervention-risks-grow.md) | +0.3% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/race-rein-strong-dollar-is-after-japan-intervenes-2022-09-22/

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