3 October 2022 | Other

Japan is ready for "decisive" measures on the yen

Japanese Finance Minister Shunichi Suzuki urged investors not to sell the yen. The minister said Japan was ready for "decisive" measures in case of a further decline in the Japanese currency.

During the press conference that followed a post-cabinet meeting, Suzuki, recalling the recent fall of the yen, said that one of the priorities is to maintain a stable position of currencies, since sharp unilateral changes are unfavorable.

The minister also noted that the intervention and the statement on decisive measures certainly worked as a defense against further speculation.

Japan spent about 2.8 trillion yen (approximately $19.34 billion) last month to maintain the yen in the foreign exchange market.

Company MarketCheese
Period: 01.01.2026 Expectation: 362 pips
Natural gas selloff amid ongoing downtrend and weak demand
Yesterday at 11:49 AM 19
Period: 02.01.2026 Expectation: 1500 pips
USDJPY selloff may deepen with 154.5 in sight
Yesterday at 07:13 AM 14
Period: 01.01.2026 Expectation: 35600 pips
Buying ETHUSD ahead of potential post-holiday correction
Yesterday at 07:10 AM 30
Period: 28.02.2026 Expectation: 650 pips
Selling GBPUSD down to 1.3450 as pressure builds
Yesterday at 04:24 AM 16
Period: 09.01.2026 Expectation: 1000 pips
Breaching 1.373 support paves way for USDCAD drop to 1.358
24 December 2025 32
Period: 31.12.2025 Expectation: 1600 pips
EURUSD poised to test yearly peak on dollar softness
24 December 2025 28
Go to forecasts