# Japan edges closer to intervention in yen

> The yen briefly rallied to 133.37 per dollar after a Tokyo statement but gave back most of the gain after a stronger-than-expected US inflation reading. The yen was last quoted at 134.15, and Japan is moving closer to intervention.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: policy · region Japan · magnitude medium
- Page: https://feedsoft.ai/events/41186-japan-edges-closer-to-intervention-in-yen
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Possible intervention could cause a sharp yen rally, lowering the local cost of dollar-priced feed imports, but the rate gap keeps underlying pressure toward a weaker yen.

## Read by commodity

- USDJPY: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/japan-edges-closer-intervention-yen-after-rare-govt-cbank-joint-statement-2022-06-10/

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