The Yen's Decline Persists: Summary for September 20, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_17-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> remains under the shadow of potential <a href="https://roboforex.com/" data-internallinksmanager029f6b8e52c="31" title="forex broker">forex</a> interventions.</p>

<p>The Japanese yen paired with the US dollar remains in a vulnerable state. The current USD/JPY exchange rate is at 147.82.</p>

<p>The market is closely watching for potential interventions by the Bank of Japan and the government. Yesterday, one of the monetary policymakers, Takehiko Nakao, emphasized the need for regulatory intervention.</p>

<p>Nakao suggested that a prolonged period of accommodative monetary policy might further weaken the JPY's standing.</p>

<p>Nakao drew from past experience with currency interventions dating back to 2011.</p>

<p>In 2022, Japan allocated approximately 9 trillion yen (equivalent to 60.88 billion USD) for intervening in currency fluctuations and arresting the depreciation of the yen.</p>

<p>Currently, the JPY is facing pressure, partly due to the strengthening position of the US dollar.</p>

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