Dollar weakens against Yen as Japan authorities intervenes

Sep. 22, 2022 5:10 AM ETEWJ, JEQ, DXJ, FXYBy: Gaurav Batavia, SA News Editor
  • BOJ decision to withheld interest rates at ultra-low levels pushed Yen to 24-year low of 145.405 per dollar.
  • As widely expected, the BOJ kept unchanged its -0.1% target for short-term interest rates, and 0% for the 10-year government bond yield by a unanimous vote.
  • Japan authorities intervened later and has started buying Yen pushing greenback 1.27% lower to 142.13, after hitting days low of 140.73.

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