# Japanes intervention to protect USD/ JPY above psychlogical 100 - Forex Crunch

> The Nikkei reported that Prime Minister Yoshihide Suga asked Finance Ministry officials to keep USD/JPY from falling below 100 yen. Analysts say the market is likely to see a large buyer near that level.

- Date: 2020-12-20 · published 2020-12-20T12:00:00.000Z
- Category: policy · region Japan · magnitude low
- Page: https://feedsoft.ai/events/49887-japanes-intervention-to-protect-usd-jpy-above-psychlogical-100-forex-crunch
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Possible yen-defending intervention is a currency policy event with no direct feed-commodity mechanism; any effect on dollar-priced commodities would be indirect and small.

## Read by commodity

- USDJPY: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/12/20/japanes-intervention-to-protect-usd-jpy-above-psychlogical-100/

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