# Yen propped up after intervention, dollar powers through - Markets - Business Recorder

> The yen was about 0.1% higher at 142.24 per dollar in early Asian trade on Sept 23 after Japanese intervention. The dollar stayed strong, keeping the euro, sterling and Aussie near multi-year lows.

- Date: 2022-09-23 · published 2022-09-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/39812-yen-propped-up-after-intervention-dollar-powers-through-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firm dollar pressures US commodity prices in dollar terms and raises the cost of imported feed for non-US buyers. The move is a routine currency update with no new supply driver.

## Read by commodity

- DXY: bullish ▲
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-13 | [Pound extends fall after US inflation data lifts dollar - Markets - Business Recorder](https://feedsoft.ai/events/46308-pound-extends-fall-after-us-inflation-data-lifts-dollar-markets-business.md) | +0.7% | +0.6% |
| DXY | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | +1.5% | +1.0% |
| DXY | 2021-06-24 | [Dollar rally sputters as Fed sends mixed signals on inflation - Markets - Business Recorder](https://feedsoft.ai/events/46844-dollar-rally-sputters-as-fed-sends-mixed-signals-on-inflation-markets-business.md) | +0.2% | +1.0% |
| DXY | 2022-02-11 | [Rate hike bets support the dollar amid surging US inflation - Markets - Business Recorder](https://feedsoft.ai/events/42876-rate-hike-bets-support-the-dollar-amid-surging-us-inflation-markets-business.md) | +0.1% | +2.2% |
| DXY | 2023-09-28 | [Dollar index powers to 10-month high - Business & Finance - Business Recorder](https://feedsoft.ai/events/34310-dollar-index-powers-to-10-month-high-business-and-finance-business-recorder.md) | +0.5% | +0.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40199201

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