# Japan Intervenes to Prop Up the Sliding Yen - The New York Times

> Japan announced it intervened to prop up the yen for the first time in 24 years. The yen had lost over 20% against the dollar over the past year, raising the cost of imported energy and food.

- Date: 2022-09-22 · published 2022-09-22T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/39809-japan-intervenes-to-prop-up-the-sliding-yen-the-new-york-times
- 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 weak yen raises Japan's import costs for feed grains and energy, while the dollar strength it reflects tends to weigh on US-priced commodities. The intervention is a currency event rather than a supply change.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-01 | [Japan intervenes to prop up yen ahead of BOJ policy decision, source says](https://feedsoft.ai/events/18580-japan-intervenes-to-prop-up-yen-ahead-of-boj-policy-decision-source-says.md) | -0.5% | -0.8% |
| 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 | 2022-09-23 | [Race to rein in strong dollar is on after Japan intervenes](https://feedsoft.ai/events/39758-race-to-rein-in-strong-dollar-is-on-after-japan-intervenes.md) | +1.1% | +1.2% |
| DXY | 2026-04-30 | [AUD/USD jumps near 0.7200 as Japan’s intervention sinks the USD - Bytes Europe](https://feedsoft.ai/events/19979-aud-usd-jumps-near-0-7200-as-japan-s-intervention-sinks-the-usd-bytes-europe.md) | -0.8% | -0.1% |
| DXY | 2019-12-30 | [Good time to buy yen with your dollars, history suggests - The Japan Times](https://feedsoft.ai/events/55793-good-time-to-buy-yen-with-your-dollars-history-suggests-the-japan-times.md) | -0.2% | +0.4% |

## Sources

- nytimes.com: https://www.nytimes.com/2022/09/22/business/japan-yen-currency.html

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