The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency. The yen was last at 151.22 against the dollar at 10:19 a.m. London time after paring back some losses. The Japanese currency struck its previous record low at the tail end of last year, when it declined to 151.95 against the dollar in October 2023. The currency’s weakness has indicated to many investors that Japanese policymakers could step in to strengthen the besieged currency. Japan’s finance minister Shunichi Suzuki has ... (full story)