# Japan intervenes to prop up the yen

> Japan intervened to support the yen, which jumped as much as 2.2% against the dollar to about 140.31. The yen had lost 22% of its value this year, weighed down by the Bank of Japan's low-rate policy.

- Date: 2022-10-01 · published 2022-10-01T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/39808-japan-intervenes-to-prop-up-the-yen
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Currency moves shift import costs for Japanese feed buyers and affect dollar-based commodity prices. The intervention is a short-term currency event with limited direct effect on feed supply.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/view-japan-intervenes-market-prop-up-yen-2022-09-22/

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