Japan Intervenes After Yen Slides Against the Dollar

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By Kosaku Narioka and Weilun Soon

(The Wall Street Journal) — Japan intervened to prop up the yen after it hit a 34-year low against the dollar on Monday, people familiar with the matter said.

The currency has plummeted against the dollar this year, hurt by increasing doubts among traders about the timing of U.S. interest rate cuts.