The yen has slumped to a level that leaves it on track for its worst year on record, prompting the strongest warnings to date from senior Japanese government officials aimed at stemming the slide.
The currency fell as much as 1.5% to 144.99 per dollar Wednesday, coming within a whisker’s reach to 145 per dollar. It is the yen’s third day of declines as a fresh wave of dollar strength ripped through Asia and beyond, putting pressure on a range of foreign exchange markets.
