"Japanese Yen Rebounds After Hitting 34-Year Low, Prompting Strong Intervention Warnings"
The Japanese Yen fell to its lowest level against the US Dollar since 1990, prompting Japan to issue its strongest warning yet and consider currency intervention, as the yen slid to 151.97 per dollar in Tokyo, nearing the 151.95 level that triggered intervention in October 2022. Finance Minister Shunichi Suzuki hinted at possible action, causing traders to back away.