# Buying time, calming fears

> The yen rebounded after a sharp drop in USD/JPY from above 160, which suggests Japanese Ministry of Finance intervention, though officials have not confirmed it. Analysts expect repeated intervention may be needed to push USD/JPY back toward 152, and they see Fed easing and BoJ hikes as the longer-term support for the yen. The article also argues that the yen rebound should ease fears of an abrupt yuan depreciation.

- Date: 2024-05-07 · published 2024-05-07T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/5872-buying-time-calming-fears
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A stronger yen lowers Japan's cost of dollar-priced commodity imports and eases concern about regional currency competition, but its effect on feed prices is indirect.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- bankofsingapore.com: https://www.bankofsingapore.com/research/buying-time-calming-fears.html

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