"Japan's Yen Plunges to 34-Year Low Amid Intervention Speculation"

Japan's yen dipped to its lowest point against the US dollar in over three decades, prompting speculation of potential intervention to support the currency. Despite a recent interest rate increase, the yen's value remains weak, making exports cheaper but driving up import costs and energy prices. The government and financial authorities are closely monitoring the situation and considering decisive steps to address the yen's weakness, including potential direct intervention in the currency market.