Yen Traders Wary of Intervention as Japan Warns Against Drop
- Warnings of possible steps come with yen near 34-year low
- Suzuki cites potential impact from weak yen on inflation
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Japan warned that it will consider all options to combat weakness in the yen after the currency slumped to its weakest level against the dollar since 1990.
Following weeks of flirting with the closely watched 152 level versus the greenback, the yen blew straight through this mark on Wednesday and all the way to 153 as US inflation data reverberated through global markets.