The yen slid to the weakest level in about 34 years against the dollar, prompting Japan’s strongest warning yet that it will take direct action to slow the decline if needed.
The currency slipped 0.3% to 151.97 per dollar in Tokyo, passing the 151.95 level that helped trigger direct currency intervention in October 2022 and prompting Finance Minister Shunichi Suzuki to ramp up his hints of possible action to full alert.
Source: Bloomberg
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