34-year low yen against the dollar prompts Japan's strongest warning of direct intervention.
The yen reached a 34-year low against the dollar, prompting Japan's strongest warning yet of direct intervention to slow the decline if needed. The currency dropped 0.3% to 151.97 per dollar, passing the 151.95 level that triggered intervention in October 2022. Finance Minister Shunichi Suzuki warned of bold measures against excessive moves, suggesting direct intervention in the currency market.
March 27, 2024
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