# Yen spikes after Japan intervention, stocks slump

> The yen spiked almost 4% to 140.31 per dollar from 145.81 within about 40 minutes after Japan intervened in FX markets. The move followed a hawkish Federal Reserve decision that roiled bond and stock markets.

- Date: 2022-09-22 · published 2022-09-22T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/39810-yen-spikes-after-japan-intervention-stocks-slump
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

The sharp yen rally reflects intervention pressure on the dollar, which can ease dollar-priced feed import costs for Japan. The effect on global feed prices is limited.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/europe/global-markets-wrapup-1-2022-09-22/

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